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The Government Presented Arguments to Avoid Handing over 51 per Cent of Ypf's Actions: How the Case Continues
25 Articles
25 Articles
WASHINGTON.- In the last few hours, the Argentine government presented to the Court of the Second Circuit of New York the arguments to avoid handing over 51% of YPF's shares to Burford and Eton Capital funds, as ruled in first instance in September 2023 by the judge of the South District Court, Loretta Preska. With this action, Argentina aims to suspend definitively and without conditions the ruling that requires paying compensation that exceeds…
Argentina will present this Tuesday a request for suspension in the Justice of the United States, for the millionaire litigation filed against the South American country for the nationalization of Yacimientos Petrolíferos Fiscales (YPF) in 2012, to postpone the delivery of shares of the company ordered by the judge of New York, Loretta Preska. President Javier Milei’s government composed a defense that will present this Tuesday, July 22, to avoi…
The state will argue in favor of the extension of the suspension of YPF's shares on Tuesday.If the House rejects Argentina's request, Preska's order will be reactivated, exposing the country to a risk of contempt.This situation would have consequences on international markets.
The project sent by the provincial executive to approve the agreement sealed with YPF for the reversion of the oil area Restigan Ali obtained a positive opinion and will be treated this Thursday in the ordinary session of the Chubutense Legislature. As advanced by DNASUR, the agreement that the governor Ignacio “Nacho” Torres seeks to ratify in the Legislature stipulates the payment of a “counterprisonment” of US$25 million by YPF, in terms of e…
During the program “Hola Chiche”, the former president of YPF, Daniel Montamat, addressed the complex international litigation that the Argentine State faces following the expropriation of 51% of the oil company’s shares. In his analysis, he explained the new developments in the trial that is being processed in the U.S. justice and the impact of a possible guarantee with the company’s assets. Montamat identified two positive facts in the recent …
The Government filed its case with the Court of Appeal of New York to extend the suspension of the transfer of 51% of the oil company’s shares. Argentina formalized before the Court of Appeals of the Second Circuit in New York its legal offensive to prolong indefinitely the suspension of the delivery of 51% of the YPF stock package, ordered in first instance by Judge Loretta Preska. With this step, the State seeks to prevent any transfer that wo…
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