US EditionFrancisco Monaldi: “the Ypf Case Is Being Studied in u.s. Business Schools as a Corruption Case to Favor a Group Close to the Government”
4 Articles
4 Articles
“Judge Preska’s ruling is an element of concern because the development model of Vaca Muerta is very focused on YPF,” he says. “Repsol was not investing in Argentina because it was not attractive to invest in the country. A self-fulfilling prophecy was given: the Kirchner government created conditions for it not to invest in the Argentine oil sector. Significant net importers of hydrocarbons became, a national disaster. And then they justified t…
President Javier Milei decides this weekend the judicial and political strategy before the sentence demanded by 51 percent of the state oil company. The so-called "court break" for a precautionary, is one of the options. A book by Horacio Rosatti on the subject would guarantee a favorable ruling. They advise, at the same time, to seek a consensual gesture of support from Congress.
YPF's CEO referred to the judge's recent ruling in the New York courts, arguing that it does not compromise the operations "nor impact on the price" of fuels.
In the trial for the restatization of YPF, the New York judge keeps an explosive data under lockdown: the identity of the Burford Capital partners, the fund that bought the lawsuit and that could charge more than 16 billion dollars. Part of that cause was resold to anonymous investors, whose identity remains protected by the U.S. Justice. Argentina still does not know to whom it will pay such fortune, even though this cause began in 2013. Read m…
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