US EditionU.S. judge orders Argentina to pay $16 billion for expropriation of YPF oil company
- A U.S. Judge has ruled that Argentina must pay $16.1 billion to minority shareholders of state-controlled oil company YPF as compensation for the government's 2012 nationalization of a majority stake in the firm. This ruling comes after a long-running dispute and a previous ruling in favor of the shareholders.
- Judge Preska ordered Argentina to pay $14.38 billion to Petersen Energía and $1.7 billion to Eton Capital, including damages and interest. If Argentina fails to pay, interest will continue to accrue. Argentina has vowed to appeal the decision.
- Argentina's dire economic situation, including low reserves, rising poverty, and high inflation, makes this ruling particularly challenging for the country. The ruling has also sparked criticism of President Fernández and Buenos Aires Gov. Kicillof, who were involved in the expropriation.
16 Articles
16 Articles
US judge orders Argentina to pay US$16.1 billion for YPF expropriation
US federal judge Loretta Preska says government must pay nearly US$16.1 billion to two companies that were not compensated as minority shareholders for the 2012 nationalisation of the YPF oil giant; Argentina vows to appeal ruling.
U.S. judge orders Argentina to pay $16 billion for expropriation of YPF oil company
BUENOS AIRES, Argentina (AP) — A U.S. judge ruled that Argentina must pay $16.1 billion to minority shareholders of state-controlled oil company YPF due to the government’s 2012 nationalization of a majority stake in the firm. U.S. District Judge Loretta Preska in New York issued final judgment Friday detailing the dollar amount that the South
U.S. judge orders Argentina to pay $16 billion for expropriation of YPF oil company
A U.S. judge ruled that Argentina must pay $16.1 billion to minority shareholders of state-controlled oil company YPF due to the government’s 2012 nationalization of a majority stake in the
Expropriation of YPF: Argentina must pay $16.1 billion
La jueza Loretta Preska, del tribunal del Distrito Sur de Nueva York, publicó la sentencia final del juicio por la expropiación de YPF. Hasta ahora, la magistrada había difundido dos fallos que en el derecho estadounidense se llaman de “opinión y orden”, pero faltaba la sentencia final con el monto definitivo con el que el Estado argentino deberá indemnizar a los fondos Burford e Eton Park. Finalmente, la jueza confirmó que la Argentina deberá p…
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