They Authorized a Fund to Request Embargoes for $390 Million for the Expropriation of Argentine Airlines
12 Articles
12 Articles
U.S. Federal Judge Jia Cobb enabled Titan Consortium to begin the process of seeking and requesting the retention of assets in that country
The plaintiff, the Titan Consortium vulture fund, can start proceedings from this Monday. In addition, ten days ago Burford Capital, the study he had sued for the expropriation of YPF, brought his claim to the World Bank Court
Judge Jia Cobb authorized Titan Consortium to initiate the order for embargoes in the amount of $390 million."In the twenty-one months since the sentence, Argentina has apparently made no effort to pay," she said.
Judge Jia Cobb considered that a sufficient period of time had elapsed without the Argentine State complying with the sentence and enabled a new phase of the claim following nationalization in 2008.
The Justice of the United States enabled the Titan Consortium fund to begin the search for commercial assets of Argentina abroad with the aim of advancing the collection of a sentence of US$390.9 million, linked to the expropriation of Argentine Airlines. The authorization was granted by Judge Jia Cobb of the [...]
The plaintiff, Titan Consortium, may initiate proceedings as of Monday.
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