Argentina Granted a Stay by NY Court in YPF Case
31 Articles
31 Articles
The U.S. Department of Justice will again present itself as an amicus curiae of the State in the case for surrender of the actions. In the next few days it will present a document with its arguments at the New York Court of Appeal.
Argentina granted a stay by NY court in YPF case
The Second Circuit Court of Appeals in New York Tuesday granted Argentina a temporary administrative stay on a ruling that ordered the country to hand over 51% of its shares in the state oil company YPF to various plaintiff funds.
Argentina gains time in U.S. Justice. The Appeals Chamber of the Second District of New York suspended on Tuesday the order issued by a judge of first instance that forced the Argentine government to hand over within 72 hours the actions of the largest state company, the oil company YPF, to the complaining funds. Continue reading
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From Bloomberg: Aurelius Capital Management and other hedge funds can't maintain a suit against the Republic of Argentina over debt securities, the Second Circuit ruled Wednesday. The suit over economic performance-linked payments allegedly due to the holders doesn't meet exceptions to contractual... Article link
The national government is investigating a suspected leak and possible sale of confidential information related to the international lawsuit for the expropriation of YPF, which faces a potential multi-million-dollar judgment for Argentina. These leaks allegedly came from employees of the Treasury Attorney General's Office, the agency responsible for the State's legal defense in this key litigation, and could have compromised the judicial strateg…
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