US EditionYpf Trial: Government Goes to the Court of Appeals to Avoid Handing over the Shares in the Oil Company
14 Articles
14 Articles
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.
Argentina presents on Tuesday an argumentary defense in the U.S. Justice to seek to sustain the suspension of YPF’s surrender of actions ordered by Judge Loretta Preska. The country’s lawyers 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 the ruling. Thus, it is sought that the superior court extend the decision for the entire duration of the s…
The agency clarified that Argentina has not yet submitted its reply on the suspension of the order for the surrender of shares. The dispute over the expropriation of the oil company takes place in U.S. courts and represents one of the main legal challenges for the Argentine State.
Alejandro Olmos Gaona described the sentence as “dispatched” and unjustifiable. He referred to the ruling requiring the delivery of the state equity package to funds such as Burford Capital and Eton Park, which claim compensation of approximately $16.1 billion. The historian explained that the transfer is based on an arbitrary interpretation of the ruling, which he considers to be contrary to the national Constitution, which states that sovereig…
The country seeks to extend the suspension of the execution of the ruling that obliges it to pay US$16.1 billion for the expropriation of the oil company. This week, the Argentine government will make a new presentation to the U.S. Justice with the aim of keeping the delivery of YPF shares ordered by the judge [...] The post Argentina presents a new paper in the United States to prevent the delivery of shares of YPF appeared first on Trade and J…
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