Argentina’s default

When Argentina defaulted on its debt last month, it was the eighth time in its history – averaging every 25 years since independence. Its latest diffi(...)

Paul Singer, billionaire founder and president of Elliott Management.   Photograph: Jacob Kepler/Bloomberg

The hedge fund firm of billionaire Paul E Singer has about 300 employees, yet it has managed to force Argentina, a nation of 41 million people, into a(...)

Carmine Boccuzzi (centre), a lawyer representing Argentina from Cleary Gottlieb Steen & Hamilton, leaves Manhattan federal court in New York. Photograph: Shannon Stapleton/Reuters

Argentina has threatened to default on its debt when the government called it “impossible” to pay bond service due on June 30th, citing a US court de(...)

Argentina’s president, Cristina Fernandez de Kirchner, used the term “extortion” to describe a ruling by the US Supreme Court. Photograph: David Fernandez/EPA

Argentinian president Cristina Fernandez de Kirchner yesterday set senior officials the task of averting a debt crisis a day after she ruled out co(...)

A legal challenge in Delaware will proceed to a full hearing in an attempt to block IBRC from securing permanent protection in the US courts.  In preparation for this, one of IBRC’s special liquidators, Kieran Wallace (above) of KPMG, will be questioned under oath at a deposition on October 22nd in  New York.  Photograph: Brenda Fitzsimons/The Irish Times

Two funds linked to US billionaire hedge fund owner Paul Singer have dropped their objection to the former Anglo Irish Bank’s application for bankrupt(...)

The court was told last month that former Anglo chief executive David Drumm, who moved to the US after resigning from Anglo in 2008, is willing to testify on Mr Flynn’s behalf
 about the overcharging
.

Anglo Irish Bank and its successor Irish Bank Resolution Corporation overcharged customers by an estimated $1.6 billion (€1.2 billion) and continued t(...)

Liquidator for IBRC Kieran Wallace (left).
Singer has his sights on long battle
  • Economy
  • September 19, 2013, 01:00

The emergence of Paul Singer’s Elliott Management as the force behind the latest attempt to stymie the winding up of IBRC will not have been greeted w(...)