US EditionArgentina Wins Brief Reprieve in $16 Billion YPF Legal Battle
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16 Articles
Argentina Wins Brief Reprieve in $16 Billion YPF Legal Battle
A U.S. judge has temporarily delayed Argentina’s court-ordered transfer of its 51% controlling stake in state-run oil giant YPF, granting the cash-strapped country three extra days—until July 17—to pursue emergency relief from a $16.1 billion judgment. The delay, ordered Monday by District Judge Loretta Preska, comes after Argentina asked the 2nd U.S. Circuit Court of Appeals to intervene. Judge Preska made clear the stay is short-term only, cha…
US Judge Extends Argentina’s YPF Handover Deadline by Three Days
The New York federal judge who gave Argentina until Monday to cede its controlling stake in YPF SA to holders of a $16 billion judgment granted the South American nation a three-day extension to seek a longer delay from an appeals court.
Noticias Argentinas | Agencia de noticias
Con La Gente NoticiasJudge Loretta Preska rejected the request to suspend YPF’s decision to transfer shares to the beneficiaries of her ruling in the case for the nationalization of the oil company. This was confirmed by specialist Sebastián Maril, through his social networks. The national government had asked Preska for a “stay” (temporary suspension of the sentence) given that she will continue her legal actions on the American benches. This morning Preska rejecte…
The adverse ruling against YPF and the low accumulation of reserves, together with the Senate votes that resulted in the opposition to increase pensions and pensions, put pressure on Argentine assets.
The judge of New York, Loretta Preska, decides this Monday whether to grant the Argentine Republic the benefit of suspending the sentence that obliges the country to hand over 51 per cent of YPF's shares, to the speculative funds that made the lawsuit for the expropriation of the state oil company. The national government appealed the ruling to the Second Circuit Appeals Chamber last Thursday, according to Sebastian Maril, the expert who follows…
Santiago Kovadloff says that the peoples are interesting, insofar as they renew their problems. Because if their motivations always revolve around the same problems, they become monotonous, immature, boring societies, tied to the same low-flying reality. We are a country that is not interesting to the rest of the international community. In “Crónica de una muerte anunciado”, Gabriel García Márquez imagined a story where, from the beginning, ever…
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