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Being a business supplying wealth administration services to consumers, UBS Financial Expert services Inc. features expense advisory companies in its potential being an SEC-registered financial commitment adviser and brokerage services in its capacity as an SEC-registered broker-vendor. Financial commitment advisory products and services and brokerage solutions are separate and distinct, vary in substance approaches and are governed by different regulations and separate preparations.
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One of Martínez's most notable negotiations concerned restructuring the credit card debt of the Mexican chemical compounds and textile conglomerate Celulosa y Derivados, Sociedad Anónima (CYDSA), a business that had denied him a position when he was younger.
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" Rejecting Martínez's claim that Griesa had purchased "people who recognized the final restructuring...to 'share' precisely what is owed to them," Shapiro mentioned that Griesa experienced "merely upheld Argentina's possess unique contract...and famous that less than US law the Argentine authorities are unable to choose to spend some creditors and never Other folks." Shapiro commented that "The true victims of your Kirchners' long campaign to disregard their country's obligations tend to be the Argentine individuals," and quoted the modern statement through the Argentinian day by day La Nación that "The most crucial impediment for ending the conflict With all the holdouts is the fact that The federal government is prioritising the media fight With all the creditors more than channelling its energy to trying to find a specialized Answer."[10]
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This authorized fight, described the Situations, was "drawing again a curtain on Mr. Martínez's secretive earth" and "could have implications for other providers on the planet's fastest-escalating economies.
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The Journal explained Martínez as "Section of a little group of buyers who're keen to overlook Argentina's position like a financial pariah and guess long lasting," in the expectation that "the subsequent government to get more pragmatic and fewer hostile to business."[13]