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 tomorrow at 12 pm (Argentina time).
The US judge overseeing Argentina’s dispute with a group of creditors said a hearing he has set for Friday morning 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.
Source: Buenos Aires Herald