NEW YORK, Feb. 24, 2016 /CNW/ -- Daniel A. Pollack, Special Master presiding over the settlement negotiations between the Republic of Argentina and its Bondholders, issued the following statement today at 2:15 p.m., EST:
"A lawyer for certain 'holdout' Bondholders made a statement in court this morning to the effect that Argentina and NML had reached an Agreement in Principle on economic terms. That statement violated the confidentiality of the discussions between the parties, which is an inviolable principle of all negotiations through me as Special Master. If and when there is a signed Agreement in Principle reached between those or any other parties, I will announce it as Special Master."
SOURCE Daniel A. Pollack
For further information: Daniel A. Pollack, 212-609-6900