US Judge Orders Argentina to Transfer YPF Oil Stake to Former Shareholders

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CNN Radio Argentina (CNN Radio Argentina) – Economist Alejandro Kowalzuk spoke with Julieta Tarrés on CNN Economía y Actualidad this Monday and analyzed the economic and financial impact of the recent court ruling in the United States against Argentina for the expropriation of YPF, as well as the general state of the local economy. “The ruling is a sort of black swan for the government. This won't come at no cost to us, because it's a $16 billio…

El Universo

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Argentina will appeal the ruling of the U.S. justice that ordered it to hand over 51% of the actions of the state YPF to partially settle the payment to two companies affected by the nationalization of the oil company, announced on Monday the Argentine president, Javier Milei.

El Pais

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Argentina has received a very hard varapalo this Monday in the courts of New York. Judge Loretta Preska has ordered the Argentine State to deliver the total of 51% of the shares held in the oil company YPF, partially declared by the Government of Cristina Kirchner in 2012, when the control shareholder was the Spanish Repsol. The titles will be used as a payment part to the beneficiaries of a ruling of September 2023, in which Preska had condemne…