Argentine authorities will meet with the holdouts

Argentine authorities will meet with the holdouts -

Financial Secretary Luis Caputo keep on Wednesday New York first formal meeting with the mediator appointed by the judge Thomas Griesa Daniel Pollack , and the main holdouts, so they will start negotiations with bondholders not restructured litigating against the country in US courts.

Caputo came to the United States to attend the meeting to be held on Wednesday afternoon in the offices that the "Special Master" has in the skyscraper located at 245 Park Ave, in the area of ​​the "Big Apple", as confirmed Telam sources Economy ministry.

the meeting will be the first Argentine official maintained with representatives of the vulture funds that sued the country, among which are NML and Aurelius.

While work continues to define the new law firm that will carry out the resumption of negotiations with the holdouts, the government will be represented on this occasion by lawyer Lee Buchheit , Cleary Gottlieb Steen & Hamilton, management specialist sovereign and recognized for his work on the restructuring of Greek debt debt.

with Pollack, this will be the third meeting since Caputo took over the Ministry of Finance.

Before the end of the year, on December 21, Caputo conducted a "constructive" exchange of one hour with the "special master", with whom he agreed to "begin substantive negotiations" with the holdouts as then he informed the mediator appointed by judge Griesa.

the first meeting, finalized during the second week of December at the request of Caputo, had been "introductory nature", aiming also to transmit " intention of the new administration "in Argentina to start negotiations" quickly ", explained after the meeting a statement from the office Pollack.

the dialogue with the mediator remained paralyzed since July 2014 when the then Minister economy, Axel Kicillof, criticized the performance of Pollack to consider fair, after he issued a press release in which he positioned the Argentina in a "default" by blocking the payment scheme provisions Griesa.

that made the country could not pay debt with bondholders restructured.
So on Wednesday the office Pollack will again be the stage where negotiations will take place with the bondholders who bought bonds in default and then sued . the country in US courts, for a sum which currently amounts to 10,000 billion

Source: Telam

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