Many top luxury labels have pulled out of Argentina, but one is expanding: It's Lacoste, the French clothier whose shirts carry the green alligator label. The company is opening two big stores in Buenos Aires, supported by Lacoste's first factory outside France. Rudy Gotlib is the CEO of Lacoste's owner Vesuvio S.A. and he says in a statement issued Wednesday that the company invested nearly $3 million in the Argentine expansion, employing 1,200 Read more [...]

The "death flights" were among the more macabre innovations of Argentina's 1976-1983 dictatorship. The military planes that flew out over the wide Rio de la Plata and back returned missing many of their passengers: political prisoners who were drugged to sleep and thrown alive into the sea. A group of pilots who allegedly flew the missions are among the 68 suspects who went on trial Wednesday, charged with participating in hundreds of kidnappings, Read more [...]

28 de noviembre de 2012, 10:12Buenos Aires, Nov 28 (Prensa Latina) Eight pilots of the so-called death flights carried out during the last civil-military dictatorship in Argentina as a means of making political prisoners disappear, will be tried for the first time, starting today in this capital. The public trial is part of the third phase of the megacause for crimes against humanity committed at the Navy School of Mechanics (ESMA), in which 789 cases will be discussed, the highest number Read more [...]

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By Sindhu Sundar Law360, New York (November 26, 2012, 11:27 PM ET) -- A group of bondholders on Monday asked the Second Circuit to stay an injunction by a lower court that prevents them from receiving interest payments on the bonds they purchased from Argentina unless the country starts paying another group of investors the money it owes them.In an emergency motion for stay, the bondholders, who hold exchange bonds of more than $1 billion, challenged the Nov. 21 injunction by U.S. District Read more [...]

Judge Griesa’s decision to be appealed by governmentArgentina went to an appeals court in New York to challenge the ruling of US Judge Thomas Griesa, who last week issued a decision that raised the spectre of a technical default. A decade after committing the biggest sovereign default in history, Argentina faces another crisis after a US court ordered it to pay US$1.3 billion by December 15 to holders of defaulted bonds. Last Wednesday, US District Judge Thomas Griesa ordered Argentina to pay the Read more [...]

The integrity of the federal judicial system rests on the bedrock principle that judges will put aside personal feelings and issue rulings based on the facts and the law. No matter how odious litigants (or their lawyers) may be, our system says they're entitled to fair treatment. But judges are also human. If you push them hard enough, over a long enough period of time, they're going to push back. And that is why Argentina now faces a dire choice: Either it puts $1.3 billion into an escrow Read more [...]

If Argentina pays the plaintiffs, then lawyers representing other holders of defaulted debt, totaling more than $11 billion, are expected to demand immediate payment as well.If it refuses, the judge said the Bank of New York Mellon must stop payment on the quotas Argentina has religiously honored to a much bigger group of bondholders who agreed to provide the country with debt relief in 2005 and 2010. That group together holds more than $20 billion in restructured debt.The ruling was issued just Read more [...]