Vulture funds ask judge Grisea to reject the Argentine case
Vulture funds who sued Argentina for the defaulted debt, asked the New York judge Thomas Griesa to suspend a hearing between the parties that was scheduled for today in the city.
This was confirmed by Economy Ministry spokesman, who explained, “The suspension was requested by the plaintiffs, not by the country.”
Grisea had summoned the parties to a hearing for Wednesday at 13:00, to assess whether the change in legislation and place of payment of the bond exchange, the country seeks to circumvent the judgment of that magistrate, which ruled in favor of so-called ‘holdouts’.
Is that after the adverse ruling of the New York Court of Appeals met last Friday, President Cristina Kirchner decided to reopen the swap from a bill that will be discussed next Wednesday on the Senate floor.
And, it provided that the payment to bondholders, which is usually done in New York, to become effective from Buenos Aires.