Statement Of Daniel A. Pollack, Special Master In Argentina Debt Litigation, Feb. 1, 2016

Feb 01, 2016, 21:27 ET from Daniel A. Pollack

NEW YORK, Feb. 1, 2016 /PRNewswire/ -- Daniel A. Pollack, Special Master presiding over settlement negotiations between the Republic of Argentina and its Bondholders, issued the following statement tonight:

"Negotiations between the Republic of Argentina and its major 'holdout' Bondholders were held in my offices today.  In attendance for the Republic of Argentina were the Secretary of Finance, Luis Caputo; the Vice Chief of the Cabinet, Mario Quintana; and the Undersecretary of Finance, Santiago Bausili. In attendance as 'holdout' Bondholders were principals of Elliott Management, Aurelius Capital, Bracebridge Capital, Montreux Partners, Dart Management and Davidson Kempner. The meeting commenced at 1:00 pm and concluded at approximately 5:00 pm.  Ideas were discussed, informally, for the resolution of the claims, which now total approximately $9 billion.  No agreement has been reached as yet. No specific date or time has been set for resumption of negotiations but it is possible that they will continue this week. In my capacity as Special Master I will continue to meet with the parties, individually, and, possibly, together, in an attempt to help them reach agreement. No further statement will be issued tonight."

SOURCE Daniel A. Pollack