Horacio Marin Said Preska’s Ruling Will Not Affect the Oil Company: “the Judge Ruled in Favor of Ypf”
13 Articles
13 Articles
Horacio Marin, president and CEO of YPF, said that the recent ruling of Judge Loretta Preska in the courts of New York will not have a direct impact on the oil company. Instead, he analyzed: “The judge ruled in favor of YPF and against the Republic.”Marín stressed that, despite the trial, the company continues to go ahead with key infrastructure works and the incorporation of technology that allows to optimize the fuel sales system. Also, the ma…
The economic week began with the left foot of Judge Preska’s ruling that calls for Argentina to hand over 51% of YPF’s shares. We all knew that something could happen at some point, but it’s never a good time. Argentina appealed this decision which, anyway, is inexecutable. It gives the feeling that this is going to lead to an arrangement that will raise public debt by some billions of dollars. It won’t be 16 or 18 and whatever, it will be paid …
Not everything goes through the Loretta Preska courthouse in New York. News about YPF was focused on the lawsuit against Argentina for the umpteenth breach of a contract. Populism costs a lot. But in parallel, the oil company advances on the development of one of the strategic areas of the coming decades. It passed almost unnoticed last week a statement by Horacio Marin in the framework of an interview with Alejandro Fantino on the Neura sign. "…
YPF president Horacio Marín broke the silence after the ruling of US judge Loretta Preska in the trial for the expropriation of the oil company and said that the judicial decision “does not affect the company”, but “the Argentine Republic.” “The trial does not compromise our operations or impact on the price of the naphtha,” he stressed. “The naphtha depends on the international price of oil, the exchange rate, biofuels and taxes. It has nothing…
The economist Hernán Letcher, director of the Centro de Economía Política Argentina (CEPA), described as “very serious” and “antijuridical” the ruling of Judge Loretta Preska at the trial for the expropriation of YPF. In dialogue with the Parte del Aire program, Letcher denounced that the sentence applies U.S. laws as if they were Argentine, and that it seeks to force the National State to negotiate the delivery of the oil company’s actions. “Pr…
According to a judicial source with that legal mechanism, the Court could then ask the National Securities Fund not to hand over 51 per cent of the oil company’s shares to the vulture fund because a law prohibits it. During the weekend, Javier Milei’s Government will decide which political-judicial strategy to launch in the face of the controversial ruling of New York judge Loretta Preska who ordered this week that Argentina hand over 51 per cen…
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