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News About Us Membership FAQs Affiliation/Contacts
Chairman
Advisory Commitee
Contribution
Statutes
Services
The society does not provide any personal services such as eg. personal legal advice. However, it offers services that will be equally advantageous to all.
Cost minimization
Information and communication platforms
Secure information about all significant questions
Legal support
Full membership in the Argentina Bondholder's
   Committee (ABC)
Conduct of negotiations
Lobbying
Media activity
Internet appearance
Enforcement
Independence
Cost Minimization:
Our motto is, "We are strong together", which simply means that IGA posses the financial means that a single individual could not have. For example, IGA founding members already financed a legal arbitrament, which gives all of us a measure of security and for which each individual paid only a fraction of the actual cost. The activities of the society are also focused on preventing anyone from making a large profit from the plight of the Argentinian investors.
Information and Communication platforms:
Within our society, all important information can be exchanged, to which a private investor does not have access too. Everyone saw how inaccurate the information of the deposit banks can be during the last couple of months. Also the investment counsellors of the banks do not dispose over the possibilities, to express competent information about the Argentina case. The fact that IGA is already and established institution allows for a quick and precise information exchange.
Secure information about all important questions:
We must posses a head start to our competitors and opposing parties in the debt management situation. This is the reason why we are establishing a large pool of information. In particular we analyse forecasts, IMF documents and other economic publications. We have access to the Bloomberg-Information Systems, and therefore to all relevant commerce data.
Legal Support:
The longer Argentina continues to defer its payment, the more important it is for every individual investor to be aware of their basic rights. For this reason IGA commissioned a legal arbitrament, that was prepared by the Law Firm of Rotter, a leader specialized in securities, stocks, and bonds. This arbitrament deals with questions regarding earlier debt management, bond issues in German law, limitation claims, cancellation etc. This knowledge allows every individual, to chose the best strategy for their given situation. Further, possibilities for executive action are illuminated. It is also possible for IGA to make a competent appearance during negotiations. Attorneys from investment banks such as the Credit Suisse, First Boston, or the Deutsche Bank do not have the head start anymore.
Full membership in the Argentinian Bondholder's Committee (ABC):
Since March, we are full members of ABC. Membership cost us $5.000. ABC is a coalition of institutional investment groups such as investment and pension bonds and together with other institutions such as the Markets Creditors Association lobbies for favourable restructuring. ABC are specialists in the area of bonds in accordance with New York law. Even as private investors, we posses through them information about procedures of affected American institutions and can adapt our proceedings accordingly.
Conduct of Negotiations:
Till now, the country in debt and an investment bank would impose restructuring. It is then predetermined that a certain method of restructuring is most effective, as in the case of the Ukraine, where the majority agreed to an unfavourable proposition without discussion. This was also the plan with Argentina, however the political upheaval at the end of 2001 prevented the fulfilment of the plan. In the mean time, the bond holders became organized and can felt as a presence at negotiations. This is the purpose of IGA, who was already exclusively contacted by the Argentinian government and therefore gained the best chance to represent the intresest of the private investor in direct negotiations.
Lobbying:
Argentina represents a case with state and political insolvency. It was therefore clear from the very beginning, that lobbying activities had to be approved by the responsible locations such as the national bank, the national ministry of finance or the IMF. The institutions have extensivly influenced the Argentina crisis. For weeks we have been trying to be catch the attention of these institution, and managed also to be noticed. In addition, ABC is well known for its lobbying activities, especially with the US-Treasury Department. The Argentininan crisis is an exemplary case for state insolvency and we will leave a mark in this important field with our professional knowledge
Press:
Since it founding, IG-Argentinien has made a number of appearances in the media. Numerous articles in professional newspapers and journal provided for the first attention. We will continue working toward the circulation of our new and unique problems and emerging issues. The public has to become aware that private initiative generally has a chance to be successful. The virtual information monopoly of the banks has to be penetrated.
Internet Presence:
The foundation of IGA would not have been possible without the Internet. This new media gave us a chance to become a permanent presence to the public. As long IGA is on the Internet, the financial world will know that Argentina still has debts and will not put any more money at their disposal. The internet alone can present quite a bit of pressure that can not be taken away by anyone.
Enforcement:
Members of the IGA have already filed suits in Frankfurt and New York. For this reason, the conditions to begin enforcemnet of our demands against Argentina were fulfilled. In this way, we have clarified to the Argentinean government, that we are going to be capable of going after our debt even in 30 years. Still, the whole debt can not be returned as collateral. However, through our policy of pin pricks, our presence will be substantially felt during negotiations.
Independence:
The IGA is independant and exclusivly represents the interests of the private investors. We do not have any other interests and can therefore strictly follow our goals. For example, this is not possible for the banks, who want the taks of the debt restructuring of Argentina. We only enter into cooperations, where no resulting conflicts of interest emerge.

 

 

 

 

 

 

 

 

 

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