From Casetext: Smarter Legal Research

Morata v. Republic of Argentina

United States District Court, S.D. New York
May 9, 2006
04 Civ. 3314 (TPG) (S.D.N.Y. May. 9, 2006)

Opinion

04 Civ. 3314 (TPG).

May 9, 2006


OPINION


Plaintiffs are the beneficial owners of certain bond indebtedness issued by defendant The Republic of Argentina. The Republic defaulted on such indebtedness in December 2001 during a profound fiscal crisis. Plaintiffs are suing to recover amounts due to them as a result of the default and have moved for summary judgment. Plaintiffs also move to strike the Republic's discovery requests.

The motions are granted.

FACTS

The bond indebtedness at issue is governed by one of three agreements: (1) a Fiscal Agency Agreement dated October 19, 1994 (the "1994 FAA"), (2) a Fiscal Agency Agreement dated December 10, 1993 (the "1993 FAA"), and (3) a Floating Rate and Bond Exchange Agreement dated December 6, 1992 (the "FRB Agreement"). The 1994 FAA is the same agreement that governed the bond indebtedness on which this court granted summary judgment to the plaintiffs in Lightwater Corporation Ltd. v. Republic of Argentina, No. 02 Civ. 3804, 2003 WL 1878420 (S.D.N.Y. Apr. 14, 2003). Section 22 of the 1994 FAA, Section 20 of the 1993 FAA and Section 6.07 of the FRB Agreement state that the Republic waives sovereign immunity and consents to jurisdiction in any state or federal court in the borough of Manhattan in the City of New York. The FAAs and the FRB Agreement provide that the Republic's obligations on the bonds are unconditional and that failure to make any payment of principal or interest for 30 days after the applicable payment date constitutes an event of default. Under all three agreements, a declaration by the Republic of a moratorium on the payment of principal or interest on its public external indebtedness is an event of default as well.

Paragraph 12 of the 1994 FAA provides for acceleration of principal if there is a failure to pay interest or a moratorium. If either of these events occurs,

each holder of Securities and such Series may by such notice in writing declare the principal amount of Securities of such Series held by it to be due and payable immediately. . . .

The 1993 FAA contains similar language.

The FRB Agreement permits acceleration of principal only by holders of at least 25% in aggregate of the outstanding principal amount of the bonds under each agreement.

On December 24, 2001 the Republic declared a moratorium on payments of principal and interest on the external debt of the Republic. The court refers to its previous opinions for a description of the circumstances of these defaults. Lightwater, 2003 WL 1878420, at *2; Applestein v. Republic of Argentina, No. 02 Civ. 1773, 2003 WL 1990206, at *1 (S.D.N.Y. Apr. 29, 2003). On April 5, April 22, and December 8, 2004, plaintiffs sent notices to Bankers Trust Company, the Fiscal Agent of The Republic of Argentina, declaring the principal amounts of the debt securities governed by the 1994 FAA and 1993 FAA held by each plaintiff to be immediately due and payable.

The bonds that are the subject of this action are listed hereafter. Also listed are the amounts of the beneficial interests owned by plaintiff.

The court notes the distinction between bonds and beneficial interests. In some previous opinions, the court has simply referred to the plaintiffs as owners of "bonds," when in fact plaintiffs are technically owners of "beneficial interests in bonds." The Republic actually issues "a bond" to a depository. The depository, in some form, issues "participations" to brokers, who sell "beneficial interests" to purchasers. These beneficial interests are identified by reference to the underlying bond (CUSIP or ISIN number or both; date of issuance and maturity; rate of interest) and the principal amount of the beneficial interest. This distinction is discussed more fully in Million Air Corp. v. Republic of Argentina, No. 04 Civ. 1048, 2005 U.S. Dist. LEXIS 23904 (S.D.N.Y. Oct. 17, 2005).

The following tables contain the necessary identifying information regarding plaintiff's beneficial interests in bonds. Table 1. Plaintiff Bond Holder or Beneficial Owner Face Value: CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: Contract Documents: Evidence of Ownership Proffered: Table 2. Plaintiff Bond Holder or Beneficial Owner Face Value: CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: Contract Documents: Evidence of Ownership Proffered: Table 3. Plaintiff Bond Holder or Beneficial Owner Face Value: CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: Contract Documents: Evidence of Ownership Proffered: Table 4. Plaintiff Bond Holder or Beneficial Owner Face Value: CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: Contract Documents: Evidence of Ownership Proffered: Table 5. Plaintiff Bond Holder or Beneficial Owner Face Value: CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: Contract Documents: Evidence of Ownership Proffered: Table 6. Plaintiff Bond Holder or Beneficial Owner Face Value: CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: Contract Documents: Evidence of Ownership Proffered: Table 7. Plaintiff Bond Holder or Beneficial Owner Face Value: CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: Contract Documents: Evidence of Ownership Proffered: Table 8. Plaintiff Bond Holder or Beneficial Owner Face Value: CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: Contract Documents: Evidence of Ownership Proffered: Table 9. Plaintiff Bond Holder or Beneficial Owner Face Value: CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: Contract Documents: Evidence of Ownership Proffered: Table 10. Plaintiff Bond Holder or Beneficial Owner Face Value: CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: Contract Documents: Evidence of Ownership Proffered: Table 11. Plaintiff Bond Holder or Beneficial Owner Face Value: CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: Contract Documents: Evidence of Ownership Proffered: Table 12. Plaintiff Bond Holder or Beneficial Owner Face Value: CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: Contract Documents: Evidence of Ownership Proffered: Table 13. Plaintiff Bond Holder or Beneficial Owner Face Value: CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: Contract Documents: Evidence of Ownership Proffered: Table 14. Plaintiff Bond Holder or Beneficial Owner Face Value: CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: Contract Documents: Evidence of Ownership Proffered: Table 15. Plaintiff Bond Holder or Beneficial Owner Face Value: CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: Contract Documents: Evidence of Ownership Proffered: Table 16. Plaintiff Bond Holder or Beneficial Owner Face Value: CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: Contract Documents: Evidence of Ownership Proffered: Table 17. Plaintiff Bond Holder or Beneficial Owner Face Value: CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: Contract Documents: Evidence of Ownership Proffered: Table 18. Plaintiff Bond Holder or Beneficial Owner Face Value: CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: Contract Documents: Evidence of Ownership Proffered: Table 19. Plaintiff Bond Holder or Beneficial Owner Face Value: CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: Contract Documents: Evidence of Ownership Proffered: Table 20. Plaintiff Bond Holder or Beneficial Owner Face Value: CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: Contract Documents: Evidence of Ownership Proffered: Table 21. Plaintiff Bond Holder or Beneficial Owner Face Value: CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: Contract Documents: Evidence of Ownership Proffered: Table 22. Plaintiff Bond Holder or Beneficial Owner Face Value: CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: Contract Documents: Evidence of Ownership Proffered: Table 23. Plaintiff Bond Holder or Beneficial Owner Face Value: CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: Contract Documents: Evidence of Ownership Proffered: Table 24. Plaintiff Bond Holder or Beneficial Owner Face Value: CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: Contract Documents: Evidence of Ownership Proffered: Table 25. Plaintiff Bond Holder or Beneficial Owner Face Value: CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: Contract Documents: Evidence of Ownership Proffered: Table 26. Plaintiff Bond Holder or Beneficial Owner Face Value: CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: Contract Documents: Evidence of Ownership Proffered: Table 27. Plaintiff Bond Holder or Beneficial Owner Face Value: CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: Contract Documents: Evidence of Ownership Proffered: Table 28. Plaintiff Bond Holder or Beneficial Owner Face Value: CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: Contract Documents: Evidence of Ownership Proffered: Table 29. Plaintiff Bond Holder or Beneficial Owner Face Value: CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: Contract Documents: Evidence of Ownership Proffered: Table 30. Plaintiff Bond Holder or Beneficial Owner Face Value: CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: Contract Documents: Evidence of Ownership Proffered: Table 31. Plaintiff Bond Holder or Beneficial Owner Face Value: CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: Contract Documents: Evidence of Ownership Proffered: Table 32. Plaintiff Bond Holder or Beneficial Owner Face Value: CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: Contract Documents: Evidence of Ownership Proffered: Table 33. Plaintiff Bond Holder or Beneficial Owner Face Value: CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: Contract Documents: Evidence of Ownership Proffered: Table 34. Plaintiff Bond Holder or Beneficial Owner Face Value: CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: Contract Documents: Evidence of Ownership Proffered: Table 35. Plaintiff Bond Holder or Beneficial Owner Face Value: CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: Contract Documents: Evidence of Ownership Proffered: Table 36. Plaintiff Bond Holder or Beneficial Owner Face Value: CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: Contract Documents: Evidence of Ownership Proffered: Table 37. Plaintiff Bond Holder or Beneficial Owner Face Value: CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: Contract Documents: Evidence of Ownership Proffered: Table 38. Plaintiff Bond Holder or Beneficial Owner Face Value: CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: Contract Documents: Evidence of Ownership Proffered: Table 39. Plaintiff Bond Holder or Beneficial Owner Face Value: CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: Contract Documents: Evidence of Ownership Proffered: Table 40. Plaintiff Bond Holder or Beneficial Owner Face Value: CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: Contract Documents: Evidence of Ownership Proffered: Table 41. Plaintiff Bond Holder or Beneficial Owner Face Value: CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: but not properly accelerated. Contract Documents: Evidence of Ownership Proffered: Table 42. Plaintiff Bond Holder or Beneficial Owner Face Value: CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: Contract Documents: Evidence of Ownership Proffered: Table 43. Plaintiff Bond Holder or Beneficial Owner Face Value: CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: Contract Documents: Evidence of Ownership Proffered: Table 44. Plaintiff Bond Holder or Beneficial Owner Face Value: CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: Contract Documents: Evidence of Ownership Proffered: Table 45. Plaintiff Bond Holder or Beneficial Owner Face Value: CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: Contract Documents: Evidence of Ownership Proffered: Table 46. Plaintiff Bond Holder or Beneficial Owner Face Value: CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: Contract Documents: Evidence of Ownership Proffered: Table 47. Plaintiff Bond Holder or Beneficial Owner Face Value: CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: Contract Documents: Evidence of Ownership Proffered: Table 48. Plaintiff Bond Holder or Beneficial Owner Face Value: CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: Contract Documents: Evidence of Ownership Proffered: Table 49. Plaintiff Bond Holder or Beneficial Owner Face Value: CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: Contract Documents: Evidence of Ownership Proffered: Table 50. Plaintiff Bond Holder or Beneficial Owner Face Value: CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: Contract Documents: Evidence of Ownership Proffered: Table 51. Plaintiff Bond Holder or Beneficial Owner Face Value: CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: Contract Documents: Evidence of Ownership Proffered: Table 52. Plaintiff Bond Holder or Beneficial Owner Face Value: CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: Contract Documents: Evidence of Ownership Proffered: Table 53. Plaintiff Bond Holder or Beneficial Owner Face Value: CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: Contract Documents: Evidence of Ownership Proffered: Table 54. Plaintiff Bond Holder or Beneficial Owner Face Value: CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: Contract Documents: Evidence of Ownership Proffered: Table 55. Plaintiff Bond Holder or Beneficial Owner Face Value: CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: Contract Documents: Evidence of Ownership Proffered: Table 56. Plaintiff Bond Holder or Beneficial Owner Face Value: CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: Contract Documents: Evidence of Ownership Proffered: Table 57. Plaintiff Bond Holder or Beneficial Owner Face Value: CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: Contract Documents: Evidence of Ownership Proffered: Table 58. Plaintiff Bond Holder or Beneficial Owner Face Value: CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: Contract Documents: Evidence of Ownership Proffered: Table 59. Plaintiff Bond Holder or Beneficial Owner Face Value: CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: Contract Documents: Evidence of Ownership Proffered: Table 60. Plaintiff Bond Holder or Beneficial Owner Face Value: CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: Contract Documents: Evidence of Ownership Proffered: Table 61. Plaintiff Bond Holder or Beneficial Owner Face Value: CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: Contract Documents: FAA; Indenture; Offering Prospectus; Certificates, etc. Evidence of Ownership Proffered: Account Statements; Letters; Notarized Statements, etc. Table 62. Plaintiff Bond Holder or Beneficial Owner Face Value: CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: Contract Documents: FAA; Indenture; Offering Prospectus; Certificates, etc. Evidence of Ownership Proffered: Account Statements; Letters; Notarized Statements, etc. Table 63. Plaintiff Bond Holder or Beneficial Owner: Face Value: CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: Contract Documents: FAA; Indenture; Offering Prospectus; Certificates, etc. Evidence of Ownership Proffered: Account Statements; Letters; Notarized Statements, etc. Table 64. Plaintiff Bond Holder or Beneficial Owner: Face Value: CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: Contract Documents: FAA; Indenture; Offering Prospectus; Certificates, etc. Evidence of Ownership Proffered: Account Statements; Letters; Notarized Statements, etc. Table 65. Plaintiff Bond Holder or Beneficial Owner: Face Value: CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: Contract Documents: FAA; Indenture; Offering Prospectus; Certificates, etc. Evidence of Ownership Proffered: Account Statements; Letters; Notarized Statements, etc. Table 66. Plaintiff Bond Holder or Beneficial Owner: Face Value: CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: Contract Documents: FAA; Indenture; Offering Prospectus; Certificates, etc. Evidence of Ownership Proffered: Account Statements; Letters; Notarized Statements, etc. Table 67. Plaintiff Bond Holder or Beneficial Owner: Face Value: CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: Contract Documents: FAA; Indenture; Offering Prospectus; Certificates, etc. Evidence of Ownership Proffered: Account Statements; Letters; Notarized Statements, etc. Table 68. Plaintiff Bond Holder or Beneficial Owner: Face Value: CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: Contract Documents: (FAA; Indenture; Offering Prospectus; Certificates, etc.) Evidence of Ownership Proffered: (Account Statements; Letters; Notarized Statements, etc.) Table 69. Plaintiff Bond Holder or Beneficial Owner: Face Value: CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: Contract Documents: Evidence of Ownership Proffered: Table 70. Plaintiff Bond Holder or Beneficial Owner Face Value: CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: Contract Documents: Evidence of Ownership Proffered: Table 71. Plaintiff Bond Holder or Beneficial Owner Face Value: CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: Contract Documents: Evidence of Ownership Proffered: Table 72. Plaintiff Bond Holder or Beneficial Owner Face Value: CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: Contract Documents: Evidence of Ownership Proffered: Table 73. Plaintiff Bond Holder or Beneficial Owner Face Value: CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: Contract Documents: Evidence of Ownership Proffered: Table 74. Plaintiff Bond Holder or Beneficial Owner Face Value: CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: Contract Documents: Evidence of Ownership Proffered: Table 75. Plaintiff Bond Holder or Beneficial Owner Face Value: CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: Contract Documents: Evidence of Ownership Proffered: Table 76. Plaintiff Bond Holder or Beneficial Owner Face Value: CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: Contract Documents: Evidence of Ownership Proffered: Table 77. Plaintiff Bond Holder or Beneficial Owner Face Value: CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: Contract Documents: Evidence of Ownership Proffered: Table 78. Plaintiff Bond Holder or Beneficial Owner Face Value: CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: Contract Documents: Evidence of Ownership Proffered: Table 79. Plaintiff Bond Holder or Beneficial Owner Face Value: CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: Contract Documents: Evidence of Ownership Proffered: Table 80. Plaintiff Bond Holder or Beneficial Owner Face Value: CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: Contract Documents: Evidence of Ownership Proffered: Table 81. Plaintiff Bond Holder or Beneficial Owner Face Value: CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: Contract Documents: Evidence of Ownership Proffered: Table 82. Plaintiff Bond Holder or Beneficial Owner Face Value: CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: Contract Documents: Evidence of Ownership Proffered: Table 83. Plaintiff Bond Holder or Beneficial Owner Face Value: CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: Contract Documents: Evidence of Ownership Proffered: Table 84. Plaintiff Bond Holder or Beneficial Owner Face Value: CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: Contract Documents: Evidence of Ownership Proffered: Table 85. Plaintiff Bond Holder or Beneficial Owner Face Value: CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: Contract Documents: Evidence of Ownership Proffered: Table 86. Plaintiff Bond Holder or Beneficial Owner Face Value: CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: Contract Documents: Evidence of Ownership Proffered: Table 87. Plaintiff Bond Holder or Beneficial Owner Face Value: CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: Contract Documents: Evidence of Ownership Proffered: Table 88. Plaintiff Bond Holder or Beneficial Owner: Face Value: CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: Contract Documents: Evidence of Ownership Proffered: Table 89. Plaintiff Bond Holder or Beneficial Owner: Face Value: CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: Contract Documents: Evidence of Ownership Proffered: Table 90. Plaintiff Bond Holder or Beneficial Owner Face Value: CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: Contract Documents: Evidence of Ownership Proffered: Table 91. Plaintiff Bond Holder or Beneficial Owner Face Value: CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: Contract Documents: Evidence of Ownership Proffered: Table 92. Plaintiff Bond Holder or Beneficial Owner Face Value: CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: Contract Documents: Evidence of Ownership Proffered: Table 93. Plaintiff Bond Holder or Beneficial Owner Face Value: CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: Contract Documents: Evidence of Ownership Proffered: Table 94. Plaintiff Bond Holder or Beneficial Owner Face Value: CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: Contract Documents: Evidence of Ownership Proffered: Table 95. Plaintiff Bond Holder or Beneficial Owner Face Value: CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: Contract Documents: Evidence of Ownership Proffered: Table 96. Plaintiff Bond Holder or Beneficial Owner Face Value: CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: Contract Documents: Evidence of Ownership Proffered: Table 97. Plaintiff Bond Holder or Beneficial Owner Face Value: CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: Contract Documents: Evidence of Ownership Proffered: Table 98. Plaintiff Bond Holder or Beneficial Owner Face Value CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: Contract Documents: Evidence of Ownership Proffered: Table 99. Plaintiff Bond Holder or Beneficial Owner Face Value: CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: Contract Documents: Evidence of Ownership Proffered: Table 100. Plaintiff Bond Holder or Beneficial Owner Face Value: CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: Contract Documents: Evidence of Ownership Proffered: Table 101. Plaintiff Bond Holder or Beneficial Owner Face Value: CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: Contract Documents: Evidence of Ownership Proffered: Table 102. Plaintiff Bond Holder or Beneficial Owner Face Value: CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: Contract Documents: Evidence of Ownership Proffered: Table 103. Plaintiff Bond Holder or Beneficial Owner Face Value: CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: Contract Documents: Evidence of Ownership Proffered: Table 104. Plaintiff Bond Holder or Beneficial Owner Face Value: CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: Contract Documents: Evidence of Ownership Proffered: Table 105. Plaintiff Bond Holder or Beneficial Owner Face Value: CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: Contract Documents: Evidence of Ownership Proffered: Table 106. Plaintiff Bond Holder or Beneficial Owner Face Value: CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: Contract Documents: Evidence of Ownership Proffered: Table 107. Plaintiff Bond Holder or Beneficial Owner Face Value: CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: Contract Documents: Evidence of Ownership Proffered: Table 108. Plaintiff Bond Holder or Beneficial Owner Face Value: CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: Contract Documents: Evidence of Ownership Proffered: Table 109. Plaintiff Bond Holder or Beneficial Owner Face Value CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: Contract Documents: Evidence of Ownership Proffered: Table 110. Plaintiff Bond Holder or Beneficial Owner Face Value CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: Contract Documents: Evidence of Ownership Proffered: Table 111. Plaintiff Bond Holder or Beneficial Owner Face Value CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: Contract Documents: Evidence of Ownership Proffered: Table 112. Plaintiff Bond Holder or Beneficial Owner Face Value CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: Contract Documents: Evidence of Ownership Proffered: Table 113. Plaintiff Bond Holder or Beneficial Owner Face Value CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: Contract Documents: Evidence of Ownership Proffered: Table 114. Plaintiff Bond Holder or Beneficial Owner Face Value CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: but not properly accelerated. Contract Documents: Evidence of Ownership Proffered: Table 115. Plaintiff Bond Holder or Beneficial Owner Face Value CUSIP No., ISIN No., BB No.: Date Of Issuance: Date Of Maturity: Interest Rate/Payable: Date Of Purchase: Acceleration: but not properly accelerated. Contract Documents: Evidence of Ownership Proffered:

The Republic has noted that the Kalbermanns have sought judgment on beneficial interests in Argentine bonds in Applestein v. Republic of Argentina, 02 Civ. 4124, and Moldes v. Republic of Argentina, 04 Civ. 6137. The Kalbermanns have provided an account statement indicating that the beneficial interests on which they have sought judgment were purchased on several separate occasions, and are distinct. As such, the court is satisfied that the Kalbermanns have not sought relief on the same beneficial interests in multiple cases.

Milena Ampalla : U.S. $ 10,000.00 CUSIP No. 040114AN0; ISIN No. US040114AN02 September 10, 1996. September 10, 2006. 11% On or about December 23, 2003. Notice sent April 5, 2004. FAA dated October 19, 1994. (FAA; FRB; Indenture; Offering Prospectus; Certificates, etc.) — Account statement from Banca Intesa dated December 30, 2004. (Account Statements; Letters; Notarized Statements, etc.) Milena Ampalla : U.S. $ 20,000.00 CUSIP No. 040114BE9; ISIN No. US040114BE93 April 7, 1999. April 7, 2009. 11.75%. On or about December 23, 2003. Notice sent April 5, 2004. FAA dated October 19, 1994. (FAA; FRB; Indenture; Offering Prospectus; Certificates, etc.) — Account statement from Banca Intesa dated December 30, 2004. (Account Statements; Letters; Notarized Statements, etc.) Milena Ampalla : U.S. $ 62,000.00 CUSIP No. 040114AH3; ISIN No. US040114AH34 December 20, 1993. December 20, 2003. 8.375% On or about December 23, 2003. Notice sent April 5, 2004. FAA dated December 10, 1993. (FAA; FRB; Indenture; Offering Prospectus; Certificates, etc.) — Account statement from Banca Intesa dated December 30, 2004. (Account Statements; Letters; Notarized Statements, etc.) Juan Francisco Pedro Aragone, Juan Francisco : Aragone, Clara Susana Bellomo de Aragone Maria Susana Aragone U.S. $ 110,000.00 CUSIP No. 040114AR1; ISIN No. US040114AR16 January 30, 1997. January 30, 2017. 11.375% On or about May 14, 2001. Notice sent April 22, 2004. FAA dated October 19, 1994. (FAA; Indenture; Offering Prospectus; Certificates, etc.) — Account statement from Merrill Lynch dated December 2004. (Account Statements; Letters; Notarized Statements, etc.) Juan Francisco Pedro Aragone, Juan Francisco : Aragone, Clara Susana Bellomo de Aragone Maria Susana Aragone U.S. $ 130,000.00 CUSIP No. 040114AR1; ISIN No. US040114AR16 January 30, 1997. January 30, 2017. 11.375% On or about July 24, 2001. Notice sent April 22, 2004. FAA dated October 19, 1994. (FAA; Indenture; Offering Prospectus; Certificates, etc.) — Account statement from Merrill Lynch dated December 2004. (Account Statements; Letters; Notarized Statements, etc.) Antonella Bacchiochi : U.S. $ 20,000.00 CUSIP No. 040114BE9; ISIN No. US040114BE93 April 7, 1999. April 7, 2009 11.75% On or about September 30, 2003. Notice sent April 5, 2004. FAA dated October 19, 1994. (FAA; Indenture; Offering Prospectus; Certificates, etc.) — Account statement from Banco Mediolanum dated December 30, 2004. (Account Statements; Letters; Notarized Statements, etc.) Filippo Bagolin : U.S. $ 25,000.00 CUSIP No. 040114GD6; ISIN No. US040114GD65 None given. February 21, 2012 12.375% On or about February 26, 2004. Notice sent April 22, 2004. FAA dated October 19, 1994. (FAA; Indenture; Offering Prospectus; Certificates, etc.) — Account statement from Banco Antonveneta dated November 28, 2004 and certification from (Account Statements; same dated November 5, 2004. Letters; Notarized Statements, etc.) Anneliese Gunda Becker : U.S. $ 260,000.00 CUSIP No. 040114GD6; ISIN No. US040114GD65 None given. February 21, 2012 12.375 % On or about March 2, 2004. Notice sent December 8, 2004. FAA dated October 19, 1994. (FAA; Indenture; Offering Prospectus; Certificates, etc.) — Account statement from Banco Popolare Comercio e Industria S.p.A. dated December 30, (Account Statements; 2004. Letters; Notarized Statements, etc.) Anneliese Gunda Becker : U.S. $ 223,000.00 CUSIP No. 040114AZ3; ISIN No. US040114AZ32 Not provided. 2005 (exact date not provided). 11 % On or about March 2, 2004. Notice sent December 8, 2004. FAA dated October 19, 1994. (FAA; Indenture; Offering Prospectus; Certificates, etc.) — Account statement from Banco Popolare Comercio e Industria S.p.A. dated December 30, (Account Statements; 2004. Letters; Notarized Statements, etc.) Anneliese Gunda Becker : U.S. $ 50,000.00 CUSIP No. 040114AH3; ISIN No. US040114AH34 December 20, 1993. December 20, 2003. 8.375 % On or about March 2, 2004. Notice sent December 8, 2004. FAA dated December 10, 1993. (FAA; Indenture; Offering Prospectus; Certificates, etc.) — Account statement from Banco Popolare Comercio e Industria S.p.A. dated December 30, (Account Statements; 2004. Letters; Notarized Statements, etc.) Giorgio Bennati : U.S. $ 36,000.00 CUSIP No. 040114GD6; ISIN No. US040114GD65 None given. February 21, 2012 12.375 % On or about December 29, 2003. Notice sent April 5, 2004. FAA dated October 19, 1994. (FAA; Indenture; Offering Prospectus; Certificates, etc.) — Account statement from Banco di San Giorgio dated December 30, 2004. (Account Statements; Letters; Notarized Statements, etc.) Orsolina Berra : U.S. $ 113,000.00 CUSIP No. 040114GD6; ISIN No. US040114GD65 None given. February 21, 2012 12.375 % On or about December 5, 2003. Notice sent April 5, 2004. FAA dated October 19, 1994. (FAA; Indenture; Offering Prospectus; Certificates, etc.) — Account statement from Banca Intesa dated January 19, 2004. (Account Statements; Letters; Notarized Statements, etc.) Giorgio Bistagnino Eugenia Re : U.S. $ 12,000.00 CUSIP No. 040114GD6; ISIN No. US040114GD65 None given. February 21, 2012 12.375 % On or about February 19, 2004. Notice sent April 5, 2004. FAA dated October 19, 1994. (FAA; Indenture; Offering Prospectus; Certificates, etc.) — Account statement from Cassa di Risparmio di Alessandria Spa dated January 5, 2005. (Account Statements; Letters; Notarized Statements, etc.) Giorgio Bistagnino Eugenia Re : U.S. $ 12,000.00 CUSIP No. 040114FC9; ISIN No. US040114FC91 None given. March 15, 2010. 11.375 % On or about February 19, 2004. Notice sent April 5, 2004. FAA dated October 19, 1994. (FAA; Indenture; Offering Prospectus; Certificates, etc.) — Account statement from Cassa di Risparmio di Alessandria Spa dated January 5, 2005. (Account Statements; Letters; Notarized Statements, etc.) Stefano Bistagnino Felicina Gaioli : U.S. $ 20,000.00 CUSIP No. 040114GD6; ISIN No. US040114GD65 None given. February 21, 2012 12.375 % On or about February 19, 2004. Notice sent April 5, 2004. FAA dated October 19, 1994. (FAA; Indenture; Offering Prospectus; Certificates, etc.) — Account statement from Cassa di Risparmio di Alessandria Spa dated January 5, 2005. (Account Statements; Letters; Notarized Statements, etc.) Stefano Bistagnino Felicina Gaioli : U.S. $ 15,000.00 CUSIP No. 040114FC9; ISIN No. US040114FC91 None given. March 15, 2010. 11.375 % On or about February 19, 2004. Notice sent April 5, 2004. FAA dated October 19, 1994. (FAA; Indenture; Offering Prospectus; Certificates, etc.) — Account statement from Cassa di Risparmio di Alessandria Spa dated January 5, 2005. (Account Statements; Letters; Notarized Statements, etc.) Andrea Bonazzi, Mirco Masina Luca Vitali : U.S. $ 61,000.00 CUSIP No. 040114GH7; ISIN No. US040114GH79 None given. June 19, 2031. 12 % On or about September 10, 2003. Notice sent April 22, 2004. FAA dated October 19, 1994. (FAA; Indenture; Offering Prospectus; Certificates, etc.) — Account statement from Banca Fideuram dated November 30, 2004. (Account Statements; Letters; Notarized Statements, etc.) Andrea Bonazzi Mirco Masina : U.S. $ 170,000.00 CUSIP No. 040114GD6; ISIN No. US040114GD65 None given. February 21, 2012 12.375% Between March 9, 2004 and March 10, 2004. Notice sent April 22, 2004. FAA dated October 19, 1994. (FAA; Indenture; Offering Prospectus; Certificates, etc.) — Account statement from Banca BSI Italia S.p.A. dated November 30, 2004. (Account Statements; Letters; Notarized Statements, etc.) Andrea Bonazzi Mirco Masina : U.S. $ 20,000.00 CUSIP No. 040114GG9; ISIN No. US040114GG96 June 19, 2001. June 19, 2018. 12.25 % Between May 16, 2003 and May 19, 2003. Notice sent April 22, 2004. FAA dated October 19, 1994. (FAA; Indenture; Offering Prospectus; Certificates, etc.) — Account statement from Unicredit Private Banking dated November 30, 2004. (Account Statements; Letters; Notarized Statements, etc.) Andrea Bonazzi Mirco Masina : U.S. $ 60,000.00 CUSIP No. 040114GH7; ISIN No. US040114GH79 None given. June 19, 2031. 12 % Between May 16, 2003 and May 19, 2003. Notice sent April 22, 2004. FAA dated October 19, 1994. (FAA; Indenture; Offering Prospectus; Certificates, etc.) — Account statement from Unicredit Private Banking dated November 30, 2004. (Account Statements; Letters; Notarized Statements, etc.) Stefania Bonpensiere : U.S. $ 20,000.00 CUSIP No. 040114GD6; ISIN No. US040114GD65 None given. February 21, 2012 12.375 % On or about January 2, 2004. Notice sent April 5, 2004. FAA dated October 19, 1994. (FAA; Indenture; Offering Prospectus; Certificates, etc.) — Account statement from Banca Cassa di Risparmio di Tortona s.p.a. dated December 22, (Account Statements; 2004. Letters; Notarized Statements, etc.) Alberto Silvio Bursztyn Dora Raquel Malec : U.S. $ 5,000.00 CUSIP No. 040114BC3; ISIN No. US040114BC38 None given. February 25, 2019. 12.125 % Between September 22, 2000 and September 29, 2000. Notice sent April 5, 2004. FAA dated October 19, 1994. (FAA; Indenture; Offering Prospectus; Certificates, etc.) — Certificate from Caja de Valores dated November 22, 2004. (Account Statements; Letters; Notarized Statements, etc.) Alberto Silvio Bursztyn Dora Raquel Malec : U.S. $ 7,000.00 CUSIP No. 040114GA2; ISIN No. US040114GA27 None given. June 15, 2015 11.75 % Between September 22, 2000 and September 29, 2000. Notice sent April 5, 2004. FAA dated October 19, 1994. (FAA; Indenture; Offering Prospectus; Certificates, etc.) — Certificate from Caja de Valores dated November 22, 2004. (Account Statements; Letters; Notarized Statements, etc.) Alberto Silvio Bursztyn Dora Raquel Malec : U.S. $ 15,000.00 CUSIP No. 040114GD6; ISIN No. US040114GD65 None given. February 21, 2012 12.375 % On or about June 12, 2001. Notice sent April 5, 2004. FAA dated October 19, 1994. (FAA; Indenture; Offering Prospectus; Certificates, etc.) — Certificate from Caja de Valores dated November 22, 2004. (Account Statements; Letters; Notarized Statements, etc.) Alberto Silvio Bursztyn Dora Raquel Malec : U.S. $ 37,000.00 CUSIP No. 040114GF1; ISIN No. US040114GF14 December 19, 2001. December 19, 2008 7 % On or about August 23, 2001. Notice sent April 5, 2004. FAA dated October 19, 1994. (FAA; Indenture; Offering Prospectus; Certificates, etc.) — Certificate from Caja de Valores dated November 22, 2004. (Account Statements; Letters; Notarized Statements, etc.) Rudolfo Burul : U.S. $ 435,000.00 CUSIP No. 040114FC9; ISIN No. US040114FC91 None given. March 15, 2010. 11.375 % On or about January 15, 2004. Notice sent April 5, 2004. FAA dated October 19, 1994. (FAA; Indenture; Offering Prospectus; Certificates, etc.) — Account statement from Banco di Roma dated December 30, 2004. (Account Statements; Letters; Notarized Statements, etc.) Marcello Calanca Elettra Casalini : U.S. $ 50,000.00 CUSIP No. 040114AZ3; ISIN No. US040114AZ32 December 4, 1998 December 4, 2005 11 % On or about January 2, 2004. Notice sent April 5, 2004. FAA dated October 19, 1994. (FAA; Indenture; Offering Prospectus; Certificates, etc.) — Account statement from Banca Carige dated December 30, 2004. (Account Statements; Letters; Notarized Statements, etc.) Marcello Calanca Elettra Casalini : U.S. $ 50,000.00 CUSIP No. 040114AH3; ISIN No. US040114AH34 December 20, 1993. December 20, 2003. 8.375 % On or about January 2, 2004. Notice sent April 5, 2004. FAA dated December 10, 1993. (FAA; Indenture; Offering Prospectus; Certificates, etc.) — Account statement from Banca Carige dated December 30, 2004. (Account Statements; Letters; Notarized Statements, etc.) Bruno Calmasini Tarcosoa Dalbosco : U.S. $ 51,000.00 CUSIP No. 040114GD6; ISIN No. US040114GD65 None given. February 21, 2012 12.375 % On or about December 30, 2003 Notice sent April 5, 2004. FAA dated October 19, 1994. (FAA; Indenture; Offering Prospectus; Certificates, etc.) — Account statement from Cassa Rurale di Isera dated December 30, 2004. (Account Statements; Letters; Notarized Statements, etc.) Bruno Calmasini Tarcosoa Dalbosco : U.S. $ 25,000.00 CUSIP No. 040114FC9; ISIN No. US040114 FC91 None given. March 15, 2010. 11.375 % On or about December 30, 2003 Notice sent April 5, 2004. FAA dated October 19, 1994. (FAA; Indenture; Offering Prospectus; Certificates, etc.) — Account statement from Cassa Rurale di Isera dated December 30, 2004. (Account Statements; Letters; Notarized Statements, etc.) Italia Camato : U.S. $ 30,000.00 CUSIP No. 040114AH3; ISIN No. US040114AH34 December 20, 1993. December 20, 2003. 8.375 % On or about March 5, 2004. Notice sent December 8, 2004. FAA dated December 10, 1993. (FAA; Indenture; Offering Prospectus; Certificates, etc.) — Account statement from San Paolo dated December 31, 2004; letter from San Paolo dated (Account Statements; January 5, 2005. Letters; Notarized Statements, etc.) Vincenzo Carbone : U.S. $ 100,000.00 CUSIP No. 040114FC9; ISIN No. US040114FC91 None given. March 15, 2010. 11.375 % On or about December 26, 2003. Notice sent April 5, 2004. FAA dated October 19, 1994. (FAA; Indenture; Offering Prospectus; Certificates, etc.) — Account statement from Banca Intesa dated November 30, 2004. (Account Statements; Letters; Notarized Statements, etc.) Marco Cavalli Valeria Toso : U.S. $ 102,000.00 CUSIP No. 040114GD6; ISIN No. US040114GD65 None given. February 21, 2012 12.375 % On or about March 4, 2004. Notice sent December 8, 2004. FAA dated October 19, 1994. (FAA; Indenture; Offering Prospectus; Certificates, etc.) — Account statement from Banca Popolare di Bergamo dated December 30, 2004. (Account Statements; Letters; Notarized Statements, etc.) Marco Cavalli Valeria Toso : U.S. $ 70,000.00 CUSIP No. 040114AR1; ISIN No. US040114AR16 January 30, 1997. January 30, 2017 11.375 % On or about March 4, 2004. Notice sent December 8, 2004. FAA dated October 19, 1994. (FAA; Indenture; Offering Prospectus; Certificates, etc.) — Account statement from Banca Popolare di Bergamo dated December 30, 2004. (Account Statements; Letters; Notarized Statements, etc.) Carmelina Censi : U.S. $ 250,000.00 CUSIP No. 040114GD6; ISIN No. US040114GD65 None given. February 21, 2012 12.375 % On or about January 19, 2004. Notice sent April 5, 2004. FAA dated October 19, 1994. (FAA; Indenture; Offering Prospectus; Certificates, etc.) — Account statement from Banco Popolare di Milano dated December 30, 2004; letter from (Account Statements; same dated January 5, 2005. Letters; Notarized Statements, etc.) Gian Francesco Cercato Barbara Ricchi : U.S. $ 20,000.00 CUSIP No. 040114GD6; ISIN No. US040114GD65 None given. February 21, 2012 12.375 % On or about January 12, 2004. Notice sent April 5, 2004. FAA dated October 19, 1994. (FAA; Indenture; Offering Prospectus; Certificates, etc.) — Account statement from Banca 121 — Promozione Finanziaria — Gruppo MPS dated December 31, (Account Statements; 2004. Letters; Notarized Statements, etc.) Maria Luigia Conti Francesco Mauro Ghezzi : U.S. $ 20,000.00 CUSIP No. 040114AN0; ISIN No. US040114AN02 September 10, 1996. September 10, 2006. 11 % On or about November 21, 2003. Notice sent April 5, 2004. FAA dated October 19, 1994. (FAA; Indenture; Offering Prospectus; Certificates, etc.) — Account statement from Banca Intest dated November 30, 2004. (Account Statements; Letters; Notarized Statements, etc.) Silvana Corato Giulia Greggio : U.S. $ 25,000.00 CUSIP No. 040114GD6; ISIN No. US040114GD65 None given. February 21, 2012 12.375% On or about March 23, 2004. Notice sent April 22, 2004. FAA dated October 19, 1994. (FAA; Indenture; Offering Prospectus; Certificates, etc.) — Account statement from Banca del Centroveneto dated November 29, 2004. (Account Statements; Letters; Notarized Statements, etc.) Giancarlo Bartolomei Corsi : U.S. $ 447,000.00 CUSIP No. 040114GD6; ISIN No. US040114GD65 None given. February 21, 2012 12.375% On or about November 21, 2003. Notice sent April 5, 2004. FAA dated October 19, 1994. (FAA; Indenture; Offering Prospectus; Certificates, etc.) — Account statement from Credito BErgamasco dated January 5, 2005. (Account Statements; Letters; Notarized Statements, etc.) Francesco Corso Giuseppina Corso : U.S. $ 35,000.00 CUSIP No. 040114FC9; ISIN No. US040114FC91 None given. March 15, 2010. 11.375% On or about January 2, 2004. Notice sent April 5, 2004. FAA dated October 19, 1994. (FAA; Indenture; Offering Prospectus; Certificates, etc.) — Account statement from Banca del Garda dated December 13, 2004. (Account Statements; Letters; Notarized Statements, etc.) Laura Cosci : U.S. $ 45,000.00 CUSIP No. 040114GD6; ISIN No. US040114GD65 None given. February 21, 2012 12.375% On or about December 29, 2003. Notice sent April 5, 2004 Notice lists wrong bond. FAA dated October 19, 1994. (FAA; Indenture; Offering Prospectus; Certificates, etc.) — Account statement from Banca Popolare di Cortona dated December 7, 2004; account (Account Statements; statement from Banca Popolare di Lodi dated Letters; Notarized December 17, 2004. Statements, etc.) Aldo David : U.S. $ 12,000.00 CUSIP No. 040114GD6; ISIN No. US040114GD65 None given. February 21, 2012 12.375% On or about December 5, 2003. Notice sent April 5, 2004. FAA dated October 19, 1994. (FAA; Indenture; Offering Prospectus; Certificates, etc.) — Account statement from Banca Intesa dated November 30, 2004. (Account Statements; Letters; Notarized Statements, etc.) Antonio de Francesco : U.S. $ 250,000.00 CUSIP No. 040114GD6; ISIN No. US040114GD65 None given. February 21, 2012 12.375% On or about December 5, 2003. Notice sent April 5, 2004. FAA dated October 19, 1994. (FAA; Indenture; Offering Prospectus; Certificates, etc.) — Account statement Banco di Sicilia dated December 30, 2004; letter from same dated (Account Statements; January 5, 2005 Letters; Notarized Statements, etc.) Arnoldo Dolcetti, Tellade Nava Gabriele Dolcetti : U.S. $ 85,000.00 CUSIP No. 040114GD6; ISIN No. US040114GD65 None given. February 21, 2012 12.375% On or about January 15, 2004. Notice sent April 5, 2004. FAA dated October 19, 1994. (FAA; Indenture; Offering Prospectus; Certificates, etc.) — Account statement from Cassa di Risparmio di Ferrara dated December 30, 2004. (Account Statements; Letters; Notarized Statements, etc.) Giuseppe Dolcetti Gabriele Dolcetti : U.S. $ 9,000.00 CUSIP No. 040114GD6; ISIN No. US040114GD65 None given. February 21, 2012 12.375% On or about January 15, 2004. Notice sent April 5, 2004. FAA dated October 19, 1994. (FAA; Indenture; Offering Prospectus; Certificates, etc.) — Account statement from Cassa di Risparmio di Ferrara dated December 30, 2004. (Account Statements; Letters; Notarized Statements, etc.) First City S.A. (Carlos Sousa, President) : U.S. $ 64,000.00 CUSIP No. 040114AH3; ISIN No. US040114AH34 December 20, 1993. December 20, 2003. 8.375% On or about October 1999. Notice sent April 5, 2004. FAA dated December 10, 1993. (FAA; Indenture; Offering Prospectus; Certificates, etc.) — Account statement from Deutsche Bank dated November 22, 2004. (Account Statements; Letters; Notarized Statements, etc.) First City S.A. (Carlos Sousa, President) : U.S. $ 70,000.00 CUSIP No. 040114AN0; ISIN No. US040114AN02 September 10, 1996. September 10, 2006. 11% On or about October 1999. Notice sent April 5, 2004. FAA dated October 19, 1994. (FAA; Indenture; Offering Prospectus; Certificates, etc.) — Account statement from Deutsche Bank dated November 22, 2004. (Account Statements; Letters; Notarized Statements, etc.) Francesco Foggiato : U.S. $ 113,000.00 CUSIP No. 040114GD6; ISIN No. US040114GD65 None given. February 21, 2012 12.375% On or about December 5, 2003. Notice sent April 5, 2004. FAA dated October 19, 1994. (FAA; Indenture; Offering Prospectus; Certificates, etc.) — Account statement from Banca Intesa dated January 19, 2005. (Accounts Statements; Letters; Notarized Statements, etc.) Rinaldo Frisinghelli Graziella Dacroce : U.S. $ 27,000.00 CUSIP No. 040114GD6; ISIN No. US040114GD65 None given. February 21, 2012 12.375% On or about January 2, 2004. Notice sent April 5, 2004. FAA dated October 19, 1994. (FAA; Indenture; Offering Prospectus; Certificates, etc.) — Account statement from Cassa Rurale Alta Vallagarina dated December 15, 2004; account (Account Statements; statement from Cassa Rurale di Rovereto dated Letters; Notarized November 30, 2004. Statements, etc.) Angiolino Fusato, Anna Storchi Gabriele Fusato : U.S. $ 18,000.00 CUSIP No. 040114FC9; ISIN No. US040114FC91 None given. March 15, 2010. 11.375% On or about January 2, 2004. Notice sent April 5, 2004. FAA dated October 19, 1994. (FAA; Indenture; Offering Prospectus; Certificates, etc.) — Account statement from La Valsabbina dated November 30, 2004. (Account Statements; Letters; Notarized Statements, etc.) Maddalena Gaioli Felicina Gaioli : U.S. $ 30,000.00 CUSIP No. 040114GD6; ISIN No. US040114GD65 None given. February 21, 2012 12.375% On or about February 19, 2004. Notice sent April 5, 2004. FAA dated October 19, 1994. (FAA; Indenture; Offering Prospectus; Certificates, etc.) — Account statement from Cassa di Risparmio di Alessandria Spa dated December 30, 2004. (Account Statements; Letters; Notarized Statements, etc.) Maddalena Gaioli Felicina Gaioli : U.S. $ 30,000.00 CUSIP No. 040114FC9; ISIN No. US040114FC91 None given. March 15, 2010. 11.375% On or about February 19, 2004. Notice sent April 5, 2004. FAA dated October 19, 1994. (FAA; Indenture; Offering Prospectus; Certificates, etc.) — Account statement from Cassa di Risparmio di Alessandria Spa dated December 30, 2004. (Account Statements; Letters; Notarized Statements, etc.) Francesco Mauro Ghezzi : U.S. $ 30,000.00 CUSIP No. 040114FC9; ISIN No. US040114FC91 None given. March 15, 2010. 11.375% On or about November 17, 2003. Notice sent April 5, 2004. FAA dated October 19, 1994. (FAA; Indenture; Offering Prospectus; Certificates, etc.) — Account statement from Banca Intesa dated November 30, 2004. (Account Statements; Letters; Notarized Statements, etc.) Lydia Haydee Gigaglia : U.S. $ 119,000.00 CUSIP No. 040114AR1; ISIN No. US040114AR16 January 30, 1997. January 30, 2017 11.375% On or about January 12, 200, August 7, 2000 February 7, 2001. Notice sent April 5, 2004. FAA dated October 19, 1994. (FAA; Indenture; Offering Prospectus; Certificates, etc.) — Certification from Caja de Velores dated December 20, 2004. (Account Statements; Letters; Notarized Statements, etc.) Gianfranco Guarini : U.S. $ 125,000.00 CUSIP No. 040114GD6; ISIN No. US040114GD65 None given. February 21, 2012 12.375% On or about December 29, 2004. Notice sent April 5, 2004. FAA dated October 19, 1994. (FAA; Indenture; Offering Prospectus; Certificates, etc.) — Account statement from Credito Emiliano — Credem dated December 20, 2004; letter from (Account Statements; same dated December 20, 2004. Letters; Notarized Statements, etc.) Corrado Guerrini : U.S. $ 100,000.00 CUSIP No. 040114GD6; ISIN No. US040114GD65 None given. February 21, 2012 12.375% On or about January 16, 2004. Notice sent April 5, 2004. FAA dated October 19, 1994. (FAA; Indenture; Offering Prospectus; Certificates, etc.) — Account statement from Banco di Credito Cooperativo della Romagna Occidentale dated (Account Statements; December 30, 2004. Letters; Notarized Statements, etc.) Marta Guerrini : U.S. $ 50,000.00 CUSIP No. 040114GD6; ISIN No. US040114GD65 None given. February 21, 2012 12.375% On or about January 16, 2004. Notice sent April 5, 2004. FAA dated October 19, 1994. (FAA; Indenture; Offering Prospectus; Certificates, etc.) — Account statement from Banco di Credito Cooperativo della Romagna Occidentale dated (Account Statements; December 30, 2004. Letters; Notarized Statements, etc.) Inter Palmisano S.A. (Maria Dora Velazquez, : President) U.S. $ 200,000.00 CUSIP No. 040114AH3; ISIN No. US040114AH34 December 20, 1993. December 20, 2003. 8.375% On or about February 17, 2000. Notice sent April 22, 2004. FAA dated December 10, 1993. (FAA; Indenture; Offering Prospectus; Certificates, etc.) — Account statements from ABN-AMBRO Bank dated November 30, 2004. (Account Statements; Letters; Notarized Statements, etc.) Inter Palmisano S.A. (Maria Dora Velazquez, : President) U.S. $ 230,000.00 CUSIP No. 040114AR1; ISIN No. US040114AR16 January 30, 1997. January 30, 2017 11.375% On or about February 17, 2000. Notice sent April 22, 2004. FAA dated October 19, 1994. (FAA; Indenture; Offering Prospectus; Certificates, etc.) — Account statements from ABN-AMBRO Bank dated November 30, 2004. (Account Statements; Letters; Notarized Statements, etc.) Pablo Hugo Kalbermann : U.S. $ 90,000.00 CUSIP No. 040114GD6; ISIN No. US040114GD65 None given. February 21, 2012 12.375% On or about April 23, 2001. Notice sent April 5, 2004. FAA dated October 19, 1994. (FAA; Indenture; Offering Prospectus; Certificates, etc.) — Account statement from Wachovia Securities dated March 31, 2005. (Account Statements; Letters; Notarized Statements, etc.) Eva Sondermann Geller, Pedro Kalbermann, Pablo : Kalbermann U.S. $ 130,000.00 CUSIP No. 040114ABE9; ISIN No. US040114BE93 April 7, 1999. April 7, 2009 11.75% On or about May 4, 2001 Notice sent April 5, 2004. FAA dated October 19, 1994. ( ) — Account statement from Wachovia Securities dated March 31, 2005. ( ) Maritza Lenti Claudio Mangano : U.S. $ 70,000.00 CUSIP No. 040114FC9; ISIN No. US040114FC91 None given. March 15, 2010. 11.375% On or about January 9, 2004. Notice sent April 5, 2004. FAA dated October 19, 1994. ( ) — Account statement from Banca di Roma dated December 30, 2004. ( ) Angelo Leoni Rachele Bontempi U.S. $ 33,000.00 CUSIP No. 040114GD6; ISIN No. US040114GD65 None given. February 21, 2012 12.375% On or about December 26, 2003. Notice sent April 5, 2004. FAA dated October 19, 1994. ( ) — Account statement from Cassa Rurale di Arco — Garda Trentino dated December 30, 2004. ( ) Lerinerco S.A. (Beatriz Piriz, President) U.S. $ 10,000.00 CUSIP No. 040114AH3; ISIN No. US040114AH34 December 20, 1993. December 20, 2003. 8.375% On or about January 2, 2002. Notice sent April 22, 2004. FAA dated December 10, 1993. ( ) — Account statement from Merrill Lynch dated December 31, 2004. ( ) Lerinerco S.A. (Beatriz Piriz, President) U.S. $ 130,000.00 CUSIP No. 040114AN0; ISIN No. US040114AN02 September 10, 1996. September 10, 2006. 11% Between September 25, 1997 September 18, 1998. Notice sent April 22, 2004. FAA dated October 19, 1994. ( ) — Account statement from Merrill Lynch dated December 31, 2004. ( ) Lerinerco S.A. (Beatriz Piriz, President) U.S. $ 168,000.00 CUSIP No. 040114AR1; ISIN No. US040114AR16 January 30, 1997. January 30, 2017. 11.375% Between September 25, 1997 September 18, 1998. Notice sent April 22, 2004. FAA dated October 19, 1994. ( ) — Account statement from Merrill Lynch dated December 31, 2004. ( ) Lerinerco S.A. (Beatriz Piriz, President) U.S. $ 100,000.00 CUSIP No. 040114AZ3; ISIN No. US040114AZ32 December 4, 1998 December 4, 2005 11% On or about December 27, 2001. Notice sent April 22, 2004. FAA dated October 19, 1994. ( ) — Account statement from Merrill Lynch dated December 31, 2004. ( ) Lerinerco S.A. (Beatriz Piriz, President) U.S. $ 70,000.00 ISIN No. XS0043120582 Not provided. March 31, 2005. Floating Interest Rate. Not provided. N/A. FRB Agreement dated December 6, 1992. — Account statement from Merrill Lynch dated December 31, 2004. Carmelo Maio U.S. $ 178,000.00 CUSIP No. 040114GD6; ISIN No. US040114GD65 None given. February 21, 2012 12.375% Between December 21, 2003 and January 15, 2004. Notice sent April 5, 2004. FAA dated October 19, 1994. (FAA; Indenture; Offering Prospectus; Certificates, etc.) — Account statement from Banca di Sicilia dated December 30, 2004 and letter from same dated (Account Statements; January 4, 2005; account statement from Letters; Notarized Sudtiroler Volksbank Banca Popolare dell'Alto Statements, etc.) Adige dated December 30, 2004 and letter from same dated December 10, 2004. Dora Raquel Malec, Alberto Silvio Bursztyn : Andrea Susana Bursztyn U.S. $ 40,000.00 CUSIP No. 040114BC3; ISIN No. US040114BC38 None given. February 25, 2019. 12.125% On or about September 25, 2000. Notice sent April 22, 2004. FAA dated October 19, 1994. (FAA; Indenture; Offering Prospectus; Certificates, etc.) — Account statement from ABN AMRO Bank dated November 22, 2004. (Account Statements; Letters; Notarized Statements, etc.) Dora Raquel Malec, Alberto Silvio Bursztyn : Andrea Susana Bursztyn U.S. $ 23,000.00 CUSIP No. 040114FC9; ISIN No. US040114FC91 None given. March 15, 2010. 11.375% On or about September 25, 2000. Notice sent April 22, 2004. FAA dated October 19, 1994. (FAA; Indenture; Offering Prospectus; Certificates, etc.) — Account statement from ABN AMRO Bank dated November 22, 2004. (Account Statements; Letters; Notarized Statements, etc.) Romano Marton : U.S. $ 100,000.00 CUSIP No. 040114GD6; ISIN No. US040114GD65 None given. February 21, 2012 12.375% On or about January 30, 2004. Notice sent April 5, 2004. FAA dated October 19, 1994. (FAA; Indenture; Offering Prospectus; Certificates, etc.) — Account statement from Banca Intesa dated December 30, 2004. (Account Statements; Letters; Notarized Statements, etc.) Guglielmina Massara Martino Verna : U.S. $ 20,000.00 CUSIP No. 040114BC3; ISIN No. US040114BC38 None given. February 25, 2019. 12.125% On or about February 6, 2004. Notice sent April 5, 2004. FAA dated October 19, 1994. (FAA; Indenture; Offering Prospectus; Certificates, etc.) — Account statement from Unicredit Xelion Banca dated December 30, 2004. (Account Statements; Letters; Notarized Statements, etc.) Mativa S.R.L. (Marco Cavalli, Partner and : Manager) U.S. $ 340,000.00 CUSIP No. 040114GD6; ISIN No. US040114GD65 None given. February 21, 2012 12.375% On or about March 4, 2004. Notice sent December 8, 2004. FAA dated October 19, 1994. (FAA; Indenture; Offering Prospectus; Certificates, etc.) — Account statement from Banca Popolare di Bergamo dated December 30, 2004. (Account Statements; Letters; Notarized Statements, etc.) Mativa S.R.L. (Marco Cavalli, Partner and : Manager) U.S. $ 300,000.00 CUSIP No. 040114FC9; ISIN No. US040114FC91 None given. March 15, 2010. 11.375% On or about March 4, 2004. Notice sent December 8, 2004. FAA dated October 19, 1994. (FAA; Indenture; Offering Prospectus; Certificates, etc.) — Account statement from Banca Popolare di Bergamo dated December 30, 2004. (Account Statements; Letters; Notarized Statements, etc.) Claudio Oscar Mazza Adriana Beatriz Poveda : U.S. $ 30,000.00 CUSIP No. 040114AR1; ISIN No. US040114AR16 January 30, 1997. January 30, 2017 11.375% On or about July 20, 2001. Notice sent April 5, 2004. FAA dated October 19, 1994. (FAA; Indenture; Offering Prospectus; Certificates, etc.) — Certification from Caja de Valores dated November 25, 2004. (Account Statements; Letters; Notarized Statements, etc.) Massimiliano Mazzanti, Giuseppina Fuschini : Manuela Mazzanti U.S. $ 30,000.00 CUSIP No. 040114GD6; ISIN No. US040114GD65 None given. February 21, 2012 12.375% On or about December 23, 2003. Notice sent April 5, 2004. FAA dated October 19, 1994. (FAA; Indenture; Offering Prospectus; Certificates, etc.) — Account statement from Banca Poplare di Lodi dated December 30, 2004; certifications from (Account Statements; same dated December 30, 2004. Letters; Notarized Statements, etc.) Massimiliano Mazzanti, Giuseppina Fuschini : Manuela Mazzanti U.S. $ 30,000.00 CUSIP No. 040114FC9; ISIN No. US040114 FC91 None given. March 15, 2010. 11.375% On or about December 23, 2003. Notice sent April 5, 2004. FAA dated October 19, 1994. (FAA; Indenture; Offering Prospectus; Certificates, etc.) — Account statement from Banca Poplare di Lodi dated December 30, 2004; certifications from (Account Statements; same dated December 30, 2004. Letters; Notarized Statements, etc.) Alessandro Morata : U.S. $ 10,000.00 CUSIP No. 040114GD6; ISIN No. US040114GD65 None given. February 21, 2012 12.375% On or about December 23, 2003. Notice sent April 5, 2004. FAA dated October 19, 1994. (FAA; Indenture; Offering Prospectus; Certificates, etc.) — Account statement from Banco di San Giorgio dated December 30, 2004. (Account Statements; Letters; Notarized Statements, etc.) Carla Morata Giorgio Bennati : U.S. $ 53,000.00 CUSIP No. 040114GD6; ISIN No. US040114GD65 None given. February 21, 2012 12.375% On or about December 29, 2003. Notice sent April 5, 2004. FAA dated October 19, 1994. (FAA; Indenture; Offering Prospectus; Certificates, etc.) — Account statement from Banco di San Giorgio dated December 30, 2004. (Account Statements; Letters; Notarized Statements, etc.) Maria Rita Moretto Ugo Lorenzi : U.S. $ 10,000.00 CUSIP No. 040114AR1; ISIN No. US040114AR16 January 30, 1997. January 30, 2017 11.375% On or about September 10, 2001. Notice sent April 5, 2004. FAA dated October 19, 1994. (FAA; Indenture; Offering Prospectus; Certificates, etc.) — Account statement from Banca Sella dated December 30, 2004. (Account Statements; Letters; Notarized Statements, etc.) Maria Rita Moretto Ugo Lorenzi : U.S. $ 26,000.00 CUSIP No. 040114AH3; ISIN No. US040114AH34 December 20, 1993. December 20, 2003. 8.375% On or about September 10, 2001. Notice sent April 5, 2004. FAA dated December 10, 1993. (FAA; Indenture; Offering Prospectus; Certificates, etc.) — Account statement from Banca Sella dated December 30, 2004. (Account Statements; Letters; Notarized Statements, etc.) Adolfo Miguel Muschietti, Maria Cristina Buenano : Alejandro Federico Muschietti U.S. $ 29,000.00 CUSIP No. 040114AR1; ISIN No. US040114AR16 January 30, 1997. January 30, 2017 11.375% On or about June 7, 1999. Notice sent April 22, 2004. FAA dated October 19, 1994. (FAA; Indenture; Offering Prospectus; Certificates, etc.) — Certification from Caja de Valores dated November 20, 2004. (Account Statements; Letters; Notarized Statements, etc.) Adolfo Miguel Muschietti, Maria Cristina Buenano : Jose Antonio Muschietti U.S. $ 29,000.00 CUSIP No. 040114AR1; ISIN No. US040114AR16 January 30, 1997. January 30, 2017 11.375% On or about June 7, 1999. Notice sent April 22, 2004. FAA dated October 19, 1994. (FAA; Indenture; Offering Prospectus; Certificates, etc.) — Certification from Caja de Valores dated November 20, 2004. (Account Statements; Letters; Notarized Statements, etc.) Adolfo Miguel Muschietti, Maria Cristina Buenano : Maria Cristina Muschietti U.S. $ 29,000.00 CUSIP No. 040114AR1; ISIN No. US040114AR16 January 30, 1997. January 30, 2017 11.375% On or about June 7, 1999. Notice sent April 22, 2004. FAA dated October 19, 1994. (FAA; Indenture; Offering Prospectus; Certificates, etc.) — Certification from Caja de Valores dated November 20, 2004. (Account Statements; Letters; Notarized Statements, etc.) Adolfo Miguel Muschietti, Maria Cristina Buenano : Rodrigo Felipe Muschietti U.S. $ 29,000.00 CUSIP No. 040114AR1; ISIN No. US040114AR16 January 30, 1997. January 30, 2017 11.375% On or about August 29, 2000. Notice sent April 22, 2004. FAA dated October 19, 1994. (FAA; Indenture; Offering Prospectus; Certificates, etc.) — Certification from Caja de Valores dated November 20, 2004. (Account Statements; Letters; Notarized Statements, etc.) Ansgar Neuenhofer Beate Neuenhofer : U.S. $ 50,000.00 CUSIP No. 040114FC9; ISIN No. US040114 FC91 None given. March 15, 2010. 11.375% Between January 2002 March 2002. Notice sent April 5, 2004. FAA dated October 19, 1994. (FAA; Indenture; Offering Prospectus; Certificates, etc.) — Account statement from Schwab Independent Investing dated December 31, 2004. (Account Statements; Letters; Notarized Statements, etc.) Alfredo Pacheco Frances Brown U.S. $ 86,000.00 CUSIP No. 040114ABE9; ISIN No. US040114BE93 April 7, 1999. April 7, 2009 11.75% Between January 2002 March 2002. Notice sent April 22, 2004. FAA dated October 19, 1994. (FAA; Indenture; Offering Prospectus; Certificates, etc.) — Account statement from Gaston Bengochea y Cia dated November 30, 2004. (Account Statements; Letters; Notarized Statements, etc.) Alfredo Pacheco Frances Brown U.S. $ 30,000.00 CUSIP No. 040114AR1; ISIN No. US040114AR16 January 30, 1997. January 30, 2017 11.375% Between January 2002 March 2002. Notice sent April 22, 2004. FAA dated October 19, 1994. (FAA; Indenture; Offering Prospectus; Certificates, etc.) — Account statement from Gaston Bengochea y Cia dated November 30, 2004. (Account Statements; Letters; Notarized Statements, etc.) Bruno Pappacoda Luisella Guardincerri : U.S. $ 16,000.00 CUSIP No. 040114GD6; ISIN No. US040114GD65 None given. February 21, 2012 12.375% On or about February 9, 2004. Notice sent April 5, 2004. FAA dated October 19, 1994. (FAA; Indenture; Offering Prospectus; Certificates, etc.) — Account statement from Banca Intesa dated December 30, 2004. (Account Statements; Letters; Notarized Statements, etc.) Aurelio Pesenti : U.S. $ 60,000.00 CUSIP No. 040114GD6; ISIN No. US040114GD65 None given. February 21, 2012 12.375% On or about March 3, 2004. Notice sent April 22, 2004. FAA dated October 19, 1994. (FAA; FRB; Indenture; Offering Prospectus; Certificates, etc.) — Account statement from Banca Fideuram dated November 30, 2004. (Account Statements; Letters; Notarized Statements, etc.) Adriano Rosato : U.S. $ 220,000.00 CUSIP No. 040114BC3; ISIN No. US040114BC38 None given. February 25, 2019. 12.125% On or about May 9, 2001. Notice sent April 5, 2004. FAA dated October 19, 1994. (FAA; FRB; Indenture; Offering Prospectus; Certificates, etc.) — Account statement from Sao Paolo dated December 31, 2004; letter from same dated (Account Statements; September 27, 2004. Letters; Notarized Statements, etc.) Stefania Simoncini Luigi Paciello : U.S. $ 40,000.00 CUSIP No. 040114GD6; ISIN No. US040114GD65 None given. February 21, 2012 12.375% On or about January 20, 2004. Notice sent April 5, 2004. FAA dated December 10, 1993. (FAA; FRB; Indenture; Offering Prospectus; Certificates, etc.) — Account statement from Banco Popolare di Ancon dated December 30, 2004. (Account Statements; Letters; Notarized Statements, etc.) Santa Sorrentino : U.S. $ 20,000.00 CUSIP No. 040114FC9; ISIN No. US040114 FC91 None given. March 15, 2010. 11.375% On or about December 3, 2003. Notice sent April 5, 2004. FAA dated October 19, 1994. (FAA; Indenture; Offering Prospectus; Certificates, etc.) — Account statement from Deutsche Bank dated December 30, 2004. (Account Statements; Letters; Notarized Statements, etc.) Sante Stefani Angelina Salmistraro : U.S. $ 80,000.00 CUSIP No. 040114GD6; ISIN No. US040114GD65 None given. February 21, 2012 12.375% On or about January 6, 2004. Notice sent April 5, 2004. FAA dated October 19, 1994. (FAA; Indenture; Offering Prospectus; Certificates, etc.) — Account statement from Banca di Credito Cooperativo di Busto Garolfo e Buguggiate dated (Account Statements; November 30, 2004. Letters; Notarized Statements, etc.) Sante Stefani Angelina Salmistraro : U.S. $ 38,000.00 CUSIP No. 040114ANO; ISIN No. US040114AN02 September 10, 1996. September 10, 2006. 11% On or about January 6, 2004. Notice sent April 5, 2004. FAA dated October 19, 1994. (FAA; Indenture; Offering Prospectus; Certificates, etc.) — Account statement from Banca di Credito Cooperativo di Busto Garolfo e Buguggiate dated (Account Statements; November 30, 2004. Letters; Notarized Statements, etc.) Studo Legale Bennati (Giorgio Bennati, attorney) : U.S. $ 21,000.00 CUSIP No. 040114GD6; ISIN No. US040114GD65 None given. February 21, 2012 12.375% On or about December 26, 2003. Notice sent April 5, 2004. FAA dated October 19, 1994. (FAA; Indenture; Offering Prospectus; Certificates, etc.) — Account statement from Banco di San Giorgio dated December 30, 2004. (Account Statements; Letters; Notarized Statements, etc.) Renate Tielman : : U.S. $ 32,000.00 CUSIP No. 040114GD6; ISIN No. US040114GD65 None given. February 21, 2012 12.375 % On or about December 15, 2003. Notice sent April 5, 2004. FAA dated October 19, 1994. (FAA; Indenture; Offering Prospectus; Certificates, etc.) — Account statement from Banco di Trento — Bolzano dated November 30, 2004. (Account Statements; Letters; Notarized Statements, etc.) Manuelito Toso : U.S. $ 3,670,000.00 CUSIP No. 040114ABE9; ISIN No. US040114BE93 April 7, 1999. April 7, 2009 11.75 % On or about February 25, 2004. Notice sent December 8, 2004. FAA dated October 19, 1994. (FAA; Indenture; Offering Prospectus; Certificates, etc.) — Account statement from Banco Popolare do Sondrio dated December 30, 2004; account (Account Statements; statement from Deutsche Bank dated December Letters; Notarized 30, 2004. Statements, etc.) Manuelito Toso : U.S. $ 585,000.00 CUSIP No. 040114GD6; ISIN No. US040114GD65 None given. February 21, 2012 12.375 % On or about February 25, 2004 Notice sent December 8, 2004. FAA dated October 19, 1994. (FAA; Indenture; Offering Prospectus; Certificates, etc.) — Account statement from Deutsche Bank dated December 30, 2004. (Account Statements; Letters; Notarized Statements, etc.) Manuelito Toso : U.S. $ 2,080,000.00 CUSIP No. 040114AN0; ISIN No. US040114AN02 September 10, 1996. September 10, 2006. 11 % On or about February 25, 2004 Notice sent December 8, 2004. FAA dated October 19, 1994. (FAA; Indenture; Offering Prospectus; Certificates, etc.) — Account statement from Deutsche Bank dated December 30, 2004. (Account Statements; Letters; Notarized Statements, etc.) Manuelito Toso : U.S. $ 4,050,000.00 CUSIP No. 040114AZ3; ISIN No. US040114AZ32 Not provided. 2005 (exact date not provided). 11 % On or about February 25, 2004 Notice sent December 8, 2004. FAA dated October 19, 1994. (FAA; Indenture; Offering Prospectus; Certificates, etc.) — Account statement from Deutsche Bank dated December 30, 2004. (Account Statements; Letters; Notarized Statements, etc.) Manuelito Toso : U.S. $ 3,170,000.00 CUSIP No. 040114FC9; ISIN No. US040114 FC91 None given. March 15, 2010. 11.375 % On or about February 26, 2004 Notice sent December 8, 2004. FAA dated October 19, 1994. (FAA; Indenture; Offering Prospectus; Certificates, etc.) — Account statement Credit Agricole Indosuez dated December 30, 2004; account statement (Account Statements; from Deutsche Bank dated December 30, 2004; Letters; Notarized account statement from Banco Popolare do Statements, etc.) Sondrio dated December 30, 2004. Mauro Toso : U.S. $ 58,000.00 CUSIP No. 040114GD6; ISIN No. US040114GD65 None given. February 21, 2012 12.375 % On or about March 4, 2004. Notice sent December 8, 2004. FAA dated October 19, 1994. (FAA; Indenture; Offering Prospectus; Certificates, etc.) — Account statement from Banco Popolare di Bergamo dated December 30, 2004. (Account Statements; Letters; Notarized Statements, etc.) Mauro Toso : U.S. $ 57,000.00 CUSIP No. 040114FC9; ISIN No. US040114 FC91 None given. March 15, 2010. 11.375 % On or about March 4, 2004. Notice sent December 8, 2004. FAA dated October 19, 1994. (FAA; Indenture; Offering Prospectus; Certificates, etc.) — Account statement from Banco Popolare di Bergamo dated December 30, 2004. (Account Statements; Letters; Notarized Statements, etc.) Mauro Toso : U.S. $ 57,000.00 CUSIP No. 040114ABE9; ISIN No. US040114BE93 April 7, 1999. April 7, 2009 11.75 % On or about March 4, 2004. Notice sent December 8, 2004. FAA dated October 19, 1994. (FAA; Indenture; Offering Prospectus; Certificates, etc.) — Account statement from Banco Popolare di Bergamo dated December 30, 2004. (Account Statements; Letters; Notarized Statements, etc.) Mario Vicini Giuseppina Capezzera : U.S. $ 100,000.00 CUSIP No. 040114GD6; ISIN No. US040114GD65 None given. February 21, 2012 12.375 % On or about December 5, 2003. Notice sent April 5, 2004. FAA dated October 19, 1994. (FAA; Indenture; Offering Prospectus; Certificates, etc.) — Account statement from Banco Popolare di Sondrio dated December 30, 2004. (Account Statements; Letters; Notarized Statements, etc.) Mario Vicini Giuseppina Capezzera : U.S. $ 38,000.00 CUSIP No. 040114GA2; ISIN No. US040114GA27 None given. June 15, 2015 11.75% On or about December 5, 2003. Notice sent April 5, 2003. FAA dated October 19, 1994. (FAA; Indenture; Offering Prospectus; Certificates, etc.) — Account statement from Banco Popolare di Sondrio dated December 30, 2004. (Account Statements; Letters; Notarized Statements, etc.) Mario Vicini Giuseppina Capezzera : : U.S. $ 90,000.00 CUSIP No. 040114FC9; ISIN No. US040114 FC91 None given. March 15, 2010. 11.375% On or about December 5, 2003. Notice sent April 5, 2004. FAA dated October 19, 1994. (FAA; Indenture; Offering Prospectus; Certificates, etc.) — Account statement from Banco Popolare di Sondrio dated December 30, 2004. (Account Statements; Letters; Notarized Statements, etc.) Mario Vicini Giuseppina Capezzera : : U.S. $ 35,000.00 CUSIP No. 040114BE9; ISIN No. US040114BE93 April 7, 1999. April 7, 2009 11.75% On or about December 5, 2003. Notice sent April 5, 2004. FAA dated October 19, 1994. (FAA; Indenture; Offering Prospectus; Certificates, etc.) — Account statement from Banco Popolare di Sondrio dated December 30, 2004. (Account Statements; Letters; Notarized Statements, etc.) Mario Vicini Giuseppina Capezzera : : U.S. $ 60,000.00 CUSIP No. 040114AV2; ISIN No. US040114AV28 None given. September 19, 2027 9.75% On or about December 5, 2003. Notice sent April 5, 2004. FAA dated October 19, 1994. (FAA; Indenture; Offering Prospectus; Certificates, etc.) — Account statement from Banco Popolare di Sondrio dated December 30, 2004; account (Account Statements; statement from Unicredit Banca dated January 4, Letters; Notarized 2005. Statements, etc.) Mario Vicini Giuseppina Capezzera : : U.S. $ 75,000.00 CUSIP No. 040114AR1; ISIN No. US040114AR16 January 30, 1997. January 30, 2017 11.375% On or about December 5, 2003. Notice sent April 5, 2004. FAA dated October 19, 1994. (FAA; Indenture; Offering Prospectus; Certificates, etc.) — Account statement from Banco Popolare di Sondrio dated December 30, 2004. (Account Statements; Letters; Notarized Statements, etc.) Mario Vicini : : U.S. $ 90,000.00 CUSIP No. 040114FC9; ISIN No. US040114 FC91 None given. March 15, 2010. 11.375% On or about December 5, 2003. Notice sent April 5, 2004. FAA dated October 19, 1994. (FAA; Indenture; Offering Prospectus; Certificates, etc.) — Account statement from Banca Nazionale del Lavoro S.p.A. dated December 31, 2004. (Account Statements; Letters; Notarized Statements, etc.) Luigi Vitiello : : U.S. $ 120,000.00 CUSIP No. 040114AR1; ISIN No. US040114AR16 January 30, 1997. January 30, 2017 11.375% On or about December 19, 2003. Notice sent April 5, 2004 Notice fails to identify the bond being accelerated. FAA dated October 19, 1994. (FAA; Indenture; Offering Prospectus; Certificates, etc.) — Account statement from Monte dei Paschi di Siena dated January 10, 2005. (Account Statements; Letters; Notarized Statements, etc.) Tommasino Vitiello : : U.S. $ 500,000.00 CUSIP No. 040114AR1; ISIN No. US040114AR16 January 30, 1997. January 30, 2017 11.375% On or about December 19, 2003. Notice sent April 5, 2004 Notice fails to identify the bond being accelerated. FAA dated October 19, 1994. (FAA; Indenture; Offering Prospectus; Certificates, etc.) — Account statement from Monte dei Paschi di Siena dated January 10, 2005. (Account Statements; Letters; Notarized Statements, etc.)

DISCUSSION

This Court has already granted summary judgment in other cases to plaintiffs seeking to collect on the Republic's defaulted bonds issued under the 1994 FAA, the 1993 FAA and the FRB Agreement. This has occurred in Lightwater, supra, Mazzini v. Republic of Argentina, No. 03 Civ. 8120, 2005 U.S. Dist. LEXIS 5692 (S.D.N.Y. Mar. 31, 2005), and other cases. Only certain specific issues need to be discussed in connection with the present motion.

Standing and Proof of Ownership

In the two opinions in Fontana v. Republic of Argentina, 415 F.3d 238 (2d Cir. 2005), and Applestein v. Province of Buenos Aires, 415 F.3d 242 (2d Cir. 2005), the Second Circuit has held that an owner of a beneficial interest, such as plaintiffs here, must receive authorization from the registered holder of the bond before it may sue, but that such authorization may be granted subsequent to the filing of a lawsuit. Alternatively, the Republic may waive the authorization requirement.

The Republic has agreed to waive objections based on lack of authorization where the court makes a finding of current ownership. See Transcript, March 28, 2006, Cilli v. Republic of Argentina (04 Civ. 6594).

Here, all plaintiffs but one have adequately demonstrated through their account statements that they owned the beneficial interests as of various dates in 2004. There is no evidence of any change of ownership thereafter.

The one exception is Stefano Bistagnino, who along with his wife, Felicina Gaioli, claims ownership of beneficial interests in two bonds. As indicated in Tables 15 and 16, these plaintiffs attempted to prove their ownership of through an account statement from Cassa di Risparmio di Alessandria Spa dated January 5, 2005. The account statement is redacted and contains no information regarding the beneficial interests at issue here. As such, it is impossible to determine whether the account statement demonstrates Bistagnino and Gaioli's ownership of the beneficial interests.

Acceleration of Principal

As already mentioned, on April 5, April 22, and December 8, 2004, plaintiffs sent notices to Bankers Trust Company, the Fiscal Agent of The Republic of Argentina, declaring the principal amounts of the debt securities governed by the 1994 FAA and 1993 FAA held by each plaintiff to be immediately due and payable. Three plaintiffs sent faulty notices and thus cannot be granted judgment on the principal amount of their beneficial interests at this time:

Laura Cosci — As indicated in Table 41, Ms. Cosci's notice of acceleration references the wrong bond.
Luigi Vitiello — As indicated in Table 114, Mr. Vitiello's notice of acceleration fails to identify the bond he seeks to accelerate.
Tommasino Vitiello — As indicated in Table 115, Mr. Vitiello's notice of acceleration fails to identify the bond he seeks to accelerate.

CONCLUSION

The motion to strike defendant's discovery requests is granted.

Stefano Bistagnino and Felicina Gaioli's motion for summary judgment is denied.

The summary judgment motions of Laura Cosci, Luigi Vitiello and Tommasino Vitiello are granted in part and denied in part. Those motions are granted as to accrued interest but not as to principal.

The remaining motions for summary judgment are granted. Judgment will be entered for the principal amount of the bonds as indicated in the Tables in this opinion, plus accrued interest. With respect to the bonds issued under the FRB Agreement, judgment will be entered for any payments on those bonds that are due and unpaid as of the time of judgment.

The parties shall consult with one another concerning the form of the judgment and the amounts of interest that should be awarded in the judgment. If the parties are unable to reach agreement on those subjects, they shall jointly submit an agreed proposed judgment to the court. If the Republic and any plaintiff are unable to reach agreement on those subjects, that plaintiff shall submit a proposed judgment to the court, and the Republic shall submit any objections to that plaintiff's proposed judgment within five business days thereafter. The court will then resolve any remaining disagreements.

SO ORDERED.


Summaries of

Morata v. Republic of Argentina

United States District Court, S.D. New York
May 9, 2006
04 Civ. 3314 (TPG) (S.D.N.Y. May. 9, 2006)
Case details for

Morata v. Republic of Argentina

Case Details

Full title:ALESSANDRO MORATA, et al., Plaintiffs, v. THE REPUBLIC OF ARGENTINA…

Court:United States District Court, S.D. New York

Date published: May 9, 2006

Citations

04 Civ. 3314 (TPG) (S.D.N.Y. May. 9, 2006)