LONDON/NEW YORK, Dec 10 (Reuters) – Venezuelan dollar bonds
rallied sharply on Monday and debt insurance costs tumbled after
the nomination of a successor by ailing President Hugo Chavez
raised the prospect of his departure after 14 years in power.

Venezuelan yield spreads over U.S. Treasuries fell 66 basis
points to 748 bps, the narrowest since August 2008, on JP
Morgan’s EMBI Global index. The most-traded 2027 dollar
bond jumped 2.3 cents to bid 101.092, its highest
point since February 2008.

NEW YORK, Dec 5 (Reuters) – When nations can’t pay their
creditors, the phones start ringing at Cleary Gottlieb Steen &
Hamilton in New York.

Over the past three decades the firm has become the go-to
legal adviser for countries in financials. In the past five
years it has represented Greece, the Republic of Congo and the
Ivory Coast.

NEW YORK (Reuters) – A U.S. appeals court on Tuesday refused to order Argentina to post a security deposit as the country seeks to overturn a court ruling that it pay investors $1.33 billion on defaulted bonds.

So-called holdout investors have tried to force Argentina to deposit $250 million while the country appeals last month’s order by a U.S. judge that it pay the creditors the full value of the bonds left over from a massive 2002 default.

NEW YORK (Reuters) – A U.S. appeals court on Tuesday refused to order Argentina to post a security deposit of at least $250 million while it seeks to overturn a lower court ruling that orders it to pay holdout investors $1.33 billion.

Holdout creditors have sought to force Argentina to deposit the money by December 10 while the country appeals last month’s order by U.S. District Judge Thomas Griesa that it pay the creditors in full.

NEW YORK, Dec 4 (Reuters) – A U.S. appeals court on Tuesday
refused to order Argentina to post a security deposit of at
least $250 million while it seeks to overturn a lower court
ruling that orders it to pay holdout investors $1.33 billion.

Holdout creditors have sought to force Argentina to deposit
the money by Dec. 10 while the country appeals last month’s
order by U.S. District Judge Thomas Griesa that it pay the
creditors in full.

NEW YORK, Dec 2 (Reuters) – Investing in distressed debt
isn’t supposed to be a smooth ride.

Until earlier this week, U.S. hedge fund Elliott Management
had seemed close to victory in its near decade-long legal battle
with Argentina over the country’s defaulted debt.

NEW YORK, Nov 30 (Reuters) – Standard & Poor’s said on
Friday that unless Argentina and holdout bond investors reach a
payment agreement on defaulted debt from 2002 its B-minus credit
rating on the South American nation is at risk of a downgrade.

On Wednesday the U.S. 2nd Circuit Court of Appeals granted
an emergency stay on a lower court’s order that Argentina
transfer into an escrow account for holdout investors a payment
of $1.33 billion by Dec. 15.

NEW YORK (Reuters) – Argentina has won a reprieve against having to pay $1.33 billion next month to “holdout” investors who rejected a restructuring of its defaulted debt and have waged a long legal battle to be paid in full.

A U.S. appeals court granted an emergency stay order on Wednesday that gives Argentina more time to fight a debt ruling favoring the holdout creditors and eases investor fears of a new default as early as next month.

NEW YORK (Reuters) – Argentina has won a reprieve against having to pay $1.33 billion (830.4 million pounds) next month to “holdout” investors who rejected a restructuring of its defaulted debt and have waged a long legal battle to get paid in full.

A U.S. appeals court granted an emergency stay order on Wednesday that gives Argentina more time to fight a debt ruling favouring the holdout creditors and eases investor fears of a new default as early as next month.

NEW YORK (Reuters) – Argentina has won a reprieve against having to pay $1.33 billion next month to “holdout” investors who rejected a restructuring of its defaulted debt and have waged a long legal battle to get paid in full.

A U.S. appeals court granted an emergency stay order on Wednesday that gives Argentina more time to fight a debt ruling favoring the holdout creditors and eases investor fears of a new default as early as next month.