US EditionWashington Sides With Buenos Aires in $16 Billion YPF Battle Over Control of Oil Giant
21 Articles
21 Articles
The Department of Justice carried out an amicus curiae that refuses the country to cede 51% of the company's shares, as Preska demanded.
Washington Sides With Buenos Aires in $16 Billion YPF Battle Over Control of Oil Giant
The US Department of Justice has stepped in to support Argentina in its ongoing legal struggle with international investment funds over YPF, the country’s largest oil company. This legal fight started when Argentina took control of YPF in 2012 by buying a 51 percent stake from Spanish company Repsol. While Repsol received about $5 billion […]
Joe Biden had already done it and now Donald Trump will do it. The United States Government announced, through the Department of Justice, that it will present to the New York Court of Appeals a brief in defense of Argentina’s position in the YPF case. The intention is to warn of the legal risks that the Rosada House assumes to comply with the delivery of 51% of the actions it holds in the oil company to the plaintiffs for the nationalization of …
The Argentine oil company YPF SA (YPF) managed to capture US$417 million in the local market, by placing two negotiable obligations: one at two years and the other at five years.See More: In turn in YPF case, beneficiaries of the ruling say they do not want to retain sharesUS$250 million in an ON to two years.On the one hand, the company issued US$250 million in an ON Class XXXVIII, dollar MEP (Argentina law).This bond came out with a coupon of …
While the case for the expropriation of YPF advances in the justice of the United States, with a millionaire claim at stake, the lawyer specializing in international law, Luis Nielsen, gave his look at the panorama facing Argentina. In dialogue with Diario San Rafael and FM Vos 94.5, he explained that the New York Court of Appeals decided to temporarily suspend the delivery of 51% of YPF’s shares as part of payment to Burford Capital, a measure …
Like Joe Biden, U.S. President Donald Trump argues that the ruling complicates foreign policy because it affects the sovereignty of another nation.
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