UPDATE 1-Incoming Argentina official will begin debt talks 'promptly' - mediator

miércoles 9 de diciembre de 2015 20:11 GYT

(Adds comment from Aurelius, background on case)

By Nate Raymond

NEW YORK Dec 9 (Reuters) - A court-appointed mediator in the Argentina debt dispute said on Wednesday that the country's incoming secretary of finance intends to begin settlement talks in the long-running litigation "promptly."

Daniel Pollack, a New York lawyer appointed to oversee the settlement discussions, confirmed he had a meeting earlier this week at his offices with the incoming finance official, Luis Caputo.

Pollack said Caputo expressed the intention of the new administration to commence settlement negotiations "promptly" after Argentine President-elect Mauricio Macri is sworn into office on Thursday.

Pollack said he also met a week earlier with representatives of bondholders holding $10 billion in judgments against Argentina. No substantive negotiations to resolve the litigation occurred at either meeting, he said in a statement.

The statement came a day after a spokesman for incoming Economy Minister Alfonso Prat-Gay disclosed the meeting between Caputo and Pollack, who was named to oversee talks to resolve cases flowing from Argentina's $100 billion default in 2002.

Aurelius Capital Management, a leading creditor in the litigation, in statement later on Wednesday said it looked "forward to meeting with Argentina's new officials and working toward a prompt, constructive and long-overdue settlement to our dispute."

Macri, who was elected last month, has made settling the multi-year dispute between Argentina and creditors who rejected the terms of the country's 2005 and 2010 bond restructurings a high priority.   Continuación...