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US sides with Argentina in YPF dispute, investors suggest alternative collateral
34 Articles
34 Articles
US sides with Argentina in YPF dispute, investors suggest alternative collateral
The U.S. government sided with Argentina's effort to put on temporary hold a court order that it turn over its 51% stake in oil and gas company YPF to partially satisfy a $16.1 billion judgment won by two investors.
The National Treasury Prosecution initiated an investigation, including purge, after considering that there were internal “filtrations” in the international litigation for the expropriation of YPF, based in New York. This was confirmed today by government sources, who anticipated that those who are individualized will be dismissed as responsible for a possible “sale of information” to the Burford fund.
Argentina will make this week the presentation of an argumentary defense in the U.S. Justice to seek to sustain the suspension of YPF’s actions ordered by Judge Loretta Preska. The country’s lawyers will present to the Court of Appeals of the second circuit of New York the relevant arguments in favor of maintaining the interruption of the execution of Preska’s ruling. Thus, it is sought that the superior court extend the decision for the duratio…
There is little that Argentina achieved on Wednesday of the week that ends in the New York Court of Appeal, where came the downfall due to the way in which YPF was renationalized in 2012, which forced to deliver without further delay 51% of the actions of the oil company that the national state [...] The entry The trial for the renationalization of YPF: state of the case to juio 2025 (go for long) was first published in AgendAR.
The YPF trial goes through defining moments. The Court of Appeals of the Second Circuit of New York analyzes Argentina’s request to suspend the delivery of the actions while appealing the sentence of First Instance Judge Loretta Preska who condemned the country to hand over the shares of YPF to pay part of the $16 billion with which it benefited the vulture funds Burford Capital and Eton Park for the expropriation of the company. Argentina will …
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