News of firm

Fernández annuls DNU ordering intervention into Vicentin

01-08-2020 08:51 President dramatically ditches takeover plan of agro-giant in series of tweets.

Fernández says he won't expropriate soy trader Vicentin in U-turn

01-08-2020 08:13 The government won’t risk taking on Vicentin’s private debt and making Argentines responsible for its management’s “irresponsible” decision-making, President Alberto Fernández said on Twitter, criticising the judge overseeing bankruptcy proceedings.

BLOOMBERG

Creditors allege Vicentin soy giant siphoned off US$400 million

05-07-2020 08:10 Banks are asking a New York judge to subpoena more documents from bankrupt soy-export giant Vicentin, saying there may have been “major international financial impropriety” that saw US$400 million drained from the firm.

expropriation of Vicentin

Vicentin tensions rise amid protests, Fernández backlash

22-06-2020 08:42 Thousands of Argentines in Santa Fe Province, where Vicentin is headquartered, and other cities, expressed anger at the expropriation plan on Saturday, as President Alberto Fernández insisted on nationalising the company.

BLOOMBERG

Default prompts a Paul Singer sequel in credit default swap decision

27-05-2020 16:30 Paul Singer's investment firm Elliott Management Corp is one of 14 companies that will decide whether credit-default swaps were triggered by last week’s failure to meet a payment deadline.

ECONOMIC INDICATORS

Just seven properties were sold in Buenos Aires City in April

27-05-2020 15:05 Just seven properties were sold in the capital last month amid the coronavirus lockdown – a 99.7 percent drop in comparison with the same month last year.

EXCLUSIVE INTERVIEW

Levy Yeyati: 'We’re only just starting to perceive the costs of this crisis’

11-04-2020 08:43 Economist and professor Eduardo Levy Yeyati discusses the impact of the Covid-19 pandemic and gives his view on the government’s measures to tackle the spread of the virus in Argentina.

by Fermin Koop

Legal woes for Venezuela

US law firm dumps Maduro official amid outcry

31-01-2020 12:27 US law firm Foley & Lardner agreed to represent Maduro’s Inspector General Reinaldo Muñoz for a lump sum of US$12.5 million. Some of that money was reportedly used to lobby for reduced sanctions on Venezuela.

BUENOS AIRES

Capital controls, sky-high rates crush local housing market

01-10-2019 08:56 The world’s highest interest rates and a currency that has lost 68 percent of its value since the start of 2018 has led to paralysis in Argentina’s real estate market. Home sales with a mortgage have plunged 87 percent in the province and city of Buenos Aires so far this year.