The NML Capital hedge fund is ready to meet and negotiate directly with Economy minister Axel Kicillof and is willing to do so tomorrow, according to a top-ranking executive of the 'vulture fund' involved in legal wranglings with the Argentine government over defaulted debt.

Wednesday, July 2, 2014

'Vulture funds' request meeting tomorrow with Economy Minister Kicillof

The NML Capital hedge fund is ready to meet and negotiate directly with Economy minister Axel Kicillof and is willing to do so tomorrow, according to a top-ranking executive of the 'vulture fund' involved in legal wranglings with the Argentine government over defaulted debt. 

"We are ready to meet with mister Kicillof during his visit to Washington [tomorrow] and negotiate without any preconditions," explained Jay Newman, Elliott Management's accounts executive, in a statement released today. 

The minister will be in the US capital in order to address foreign ministers in the Organisation of American States (OAS) about the Argentine dispute with the hedge funds that refused to enter debt restructuring in 2005 and 2010. 

Yesterday, the government revealed that on July 7 it would participate in a meeting with the lawyer designated by a New York court to supervise negotiations, Daniel Pollack.

"We are happy to see press reports indicating that Argentina has agreed to a meeting next week in New York. But the contacts do not need to wait for next week," Newman underlined.

Kicillof ruled out holding direct meetings with representatives of the 'vulture funds', signalling that the country possesses a legal team for that type of contac