US EditionJudge Preska Insists Argentina Must Pay for YPF Expropriation
- US District Judge Loretta Preska upheld the ruling requiring Argentina to transfer 51% of YPF shares to Burford Capital and Eton Park Capital Management, despite Argentina's claims of unconstitutional jurisdiction and national sovereignty violations.
- The court ruling mandates a payment of US$16.1 billion to the funds, and this includes potential consequences for Argentina, such as the seizure of assets abroad.
- Argentina has until July 17 to appeal the ruling or face a contempt order, complicating the administration amid economic challenges.
- Argentina argues that the 2012 expropriation was a matter of national sovereignty, a claim that the court rejected, highlighting ongoing tensions regarding international litigation funds.
52 Articles
52 Articles
U.S. Judge Orders Argentina to Hand Over Majority Stake in YPF Within Three Days
A US federal judge has ordered Argentina to transfer its 51% stake in the national oil company YPF by July 17, 2025—or face serious legal consequences. The order, issued by Judge Loretta Preska in New York, stems from a \$16.1 billion judgment against Argentina for unfair treatment of minority shareholders when it nationalized YPF in […]
Buenos Aires., A United States judge yesterday rejected the request of the Argentine government to suspend an order that obliges the Argentine State to transfer 51 percent of the actions of Yacimientos Petrolíferos Fiscales (YPF) to vulture funds that sued the South American country for the nationalization of that oil company in 2012.
US Judge Rejects Argentina’s Appeal in YPF Case, Orders Transfer of Shares to Vulture Funds - teleSUR English
US District Judge Loretta Preska upholds ruling requiring Argentina to transfer 51% of YPF shares to litigation funds, despite Argentina’s claims of unconstitutional extraterritorial jurisdiction and threats to national sovereignty. Related: Argentina Faces Loss of Over 430,000 Jobs Amid Unchecked Trade Liberalization Policies In a significant setback for Argentina, US District Judge Loretta Preska of the Southern District of New York has reject…
The judge in charge of the case rejected on Monday the request of the lawyers of Argentina to suspend the order that obliges the South American country to hand over 51% of the shares of YPF to the investment funds that won the lawsuit against the State Read
BUENOS AIRES (AP) — A U.S. judge on Monday rejected the Argentine government's request to suspend an order requiring the Argentine government to transfer 51% of YPF's shares to the plaintiffs in the lawsuit.
Judge Preska insists Argentina must pay for YPF expropriation
Judge Loretta Preska of the Southern District of New York Monday upheld her 2023 ruling against Argentina, rejecting the Libertarian Government's request to suspend the transfer of 51% of YPF shares to vulture funds Burford Capital and Eton Park Capital Management. This decision mandates the handover of shares valued at US$16.1 billion and is believed to represent a significant blow to the South American country, potentially leading to the loss o
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