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The Times traced the story to 2009, when Martínez loaned Vitro $75 million in Trade to the title to a number of of its Qualities and an option to return them to Vitro later in Trade for your 24 per cent stake while in the company. In 2010, Martínez "went to the different banking companies that Vitro owed money to and purchased the promises," thus starting to be the agency's "biggest unique exterior creditor, possessing about $600 million worthy of of promises.
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Martínez has actually been described as remaining "closely joined" for the late Argentinian president Néstor Kirchner[1] and as owning been a "Good friend" of Kirchner's. In accordance with one resource, "whenever the previous president traveled to The usa, he made an area in his schedule" for a meeting with Martínez.
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" His New York apartment "above fifteen,000SF combo condominium that spans about the 76th & 77th floors. Incorporates a two-Tale family room and a reflecting pool," as well as a "Particular process has been rigged to support a single exceptionally heavy bit of art."
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These money are trying to get to experience the advantages of Buenos Aires' improved payment potential – a result of the losses acknowledged via the vast majority in the course of the restructuring." Martínez called it a "scandal" that Griesa was forcing this greater part "to share the fascination payments they acknowledged on their restructured bonds with the minority that litigated," an arrangement which would doubly punish "those that contributed in favour of individuals that did not." Martínez concluded: "Not only is Mr Griesa's final decision unfair – it will even cause society spending a value in the shape of much more protracted personal debt restructurings with considerably less particular results."[10]