US EditionU.S. judge tells Argentina it has to turn over its 51% stake in its state oil company to pay $16 billion judgement
ARGENTINA, JUN 30 – Judge Loretta Preska ordered Argentina to transfer its 51% stake in YPF to satisfy a $16 billion judgment after nationalization without adequate shareholder compensation, with interest accruing daily.
- On July 1, 2025, U.S. Judge Loretta Preska ordered Argentina to transfer its 51% stake in state oil company YPF to an escrow account to satisfy a $16.1 billion judgment.
- The ruling stems from Argentina's 2012 seizure of YPF from Spanish Repsol, which violated company bylaws requiring a tender offer to all shareholders.
- Burford Capital funded the legal action by minority shareholders seeking more than $17 billion plus accumulating interest, driving the enforcement effort.
- Preska rejected Argentina's immunity claims under the Foreign Sovereign Immunities Act and ordered immediate collection despite Argentina's ongoing appeal.
- The ruling triggered a 5.2% drop in YPF shares and intensified political disputes with accusations of foreign influence amid Argentina's appeals.
173 Articles
173 Articles
Cristina Kirchner's renationalization of the YPF oil company in 2012 is catching up with Argentina: US justice is demanding share transfers, but Milei's government is resisting.
US judge rules against Argentina in YPF restatization case
Judge Loretta Preska of the Southern District Court of New York ordered Argentina to transfer 51% of YPF shares to an escrow account to settle a US$16.1 billion judgment in favor of Burford Capital and Eton Capital, stemming from the 2012 expropriation of the oil company. The ruling, which Argentina may appeal, surprised the government, as even the US Department of Justice opposed it. The decision led to a sharp decline in YPF shares (1.4% on Wal
U.S. judge tells Argentina it has to turn over its 51% stake in its state oil company to pay $16 billion judgement
The fate of Argentina’s state-run oil company was thrown into doubt as a U.S. judge ordered the cash-strapped country to give up its 51% controlling stake in YPF.
U.S. Judge Orders Argentina to Give Up Control of State Oil Firm
A U.S. judge has ordered Argentina’s government to transfer its 51% stake in energy major YPF to two former minority shareholders who sued after the nationalization of the company. Back in 2012, Argentina seized 51% of YPF from its owner, Spanish Repsol. But YPF also had two smaller shareholders, Petersen Energia Inversora and Eton Park Capital, Reuters recalls in a report on the new ruling. These two sued in the United States, and in 2023, Dist…
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