Friday, August 1, 2014
US judge Griesa to lead key hearing in New York
After negotiations between the Argentine government and vulture funds, led by US Special Master Daniel Pollack, failed New York District Judge Thomas Griesa called for a new hearing between the parties for today at 12 pm (Argentina time).
The US judge overseeing Argentina's dispute with a group of creditors said a hearing he has set for today in the case will be "regarding the recent default by the Republic of Argentina," according to a court filing posted today.
On Wednesday, Argentina and a group of hedge funds holding some of its bonds failed to come to terms on a deal to avoid the country falling into default on its debt for the second time in more than 12 years.
A court's official informed today holdout representatives and Argentine officials will be part of the meeting.
The US judge overseeing Argentina's dispute with a group of creditors said a hearing he has set for today in the case will be "regarding the recent default by the Republic of Argentina," according to a court filing posted today.
On Wednesday, Argentina and a group of hedge funds holding some of its bonds failed to come to terms on a deal to avoid the country falling into default on its debt for the second time in more than 12 years.
A court's official informed today holdout representatives and Argentine officials will be part of the meeting.
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