US EditionUS sides with Argentina in YPF dispute, investors suggest alternative collateral
26 Articles
26 Articles
US sides with Argentina in YPF dispute, investors suggest alternative collateral
The U.S. government sided with Argentina's effort to put on temporary hold a court order that it turn over its 51% stake in oil and gas company YPF to partially satisfy a $16.1 billion judgment won by two investors.
The National Treasury Prosecution initiated an investigation, including purge, after considering that there were internal “filtrations” in the international litigation for the expropriation of YPF, based in New York. This was confirmed today by government sources, who anticipated that those who are individualized will be dismissed as responsible for a possible “sale of information” to the Burford fund.
The trial for the expropriation of YPF in the United States faces new key moments in the next few hours: Argentina will present an argumentary defense before the Court of Appeals in New York to suspend definitively the delivery of the oil company's shares, a measure that had been ordered by Judge Loretta Preska as part of the payment of the sentence for USD 16 billion to the beneficiaries of her ruling, but that was momentarily delayed.
Argentina will make this week the presentation of an argumentary defense in the U.S. Justice to seek to sustain the suspension of YPF’s actions ordered by Judge Loretta Preska. The country’s lawyers will 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 Preska’s ruling. Thus, it is sought that the superior court extend the decision for the duratio…
Argentina will make this week the presentation of an argumentary defense in the U.S. Justice to seek to sustain the suspension of YPF’s actions ordered by Judge Loretta Preska. The country’s lawyers will 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 Preska’s ruling. Thus, it is sought that the superior court extend the decision for the duratio…
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