Subjects: LAW, FOR, AVO
Statement From the Ad Hoc Argentine Bondholder Group and the Exchange Bondholder Group
NEW YORK, June 20, 2020 /CNW/ -- The Ad Hoc Argentine Bondholder Group and the Exchange Bondholder Group are united in our disappointment with Argentina's decision to terminate dialogue with its creditors at what is plainly a critical juncture. Instead, Argentina has created obstacles to a negotiated outcome and has attempted to provoke division?ending what had been a productive negotiation process.
It is apparent when examining the various proposals submitted during the past weeks that all stakeholders made substantial progress towards a consensual restructuring. If we achieve this goal, it would be a success for all involved: avoiding the devastating legal and economic costs of a prolonged default.
Argentina's decision two days ago to walk away from the negotiating table is even more unfortunate given how close we are to a resolution, for which we remain ready to engage constructively.
The Ad Hoc Argentine Bondholder Group is advised by White & Case LLP.
For media enquiries:
Greenbrook
Email: [email protected]
Tel: +44 (0) 20 7952-2000
SOURCE White and Case LLP
These press releases may also interest you
|
News published on and distributed by:
