The Trump administration is formulating a statement supporting Argentina and opposing hedge funders’ purchase of 51% of YPF. Judge Loretta Preska in New York ordered the transfer of 51% of the flagship oil company’s shares (“turnover”) to hedge funds Burford Capital and Eton Park, which won the lawsuit for US$16.099 billion. Senior Trump administration officials … Read more
Argentina has decided not to engage in negotiations with Burford Capital, the firm spearheading the collection of a US$16-billion judgment against the South American country, as stated by a spokesman for President Javier Milei during a press briefing on Friday. The spokesperson, Manuel Adorni, refuted claims that the government engaged in any clandestine discussions. “Argentina … Read more
In the context of the ongoing debate surrounding the prospective transfer of YPF shares as a settlement for a US$16-billion judgment linked to the expropriation of the oil company, the United States government has declared its intention to intervene in court to provide support for Argentina. The administration of US President Donald Trump is preparing … Read more
Argentina is contesting a US judge’s directive to relinquish 51% of shares in YPF in the expropriation matter; Milei is directing blame towards Kicillof and Fernández de Kirchner as concerns regarding the implications of the ruling intensify. Argentina has officially requested that US Judge Loretta Preska pause the decision mandating the transfer of 51 percent … Read more
Argentina is required to relinquish its controlling stake in the prominent energy firm YPF SA within two weeks, following a New York judge’s ruling in favor of litigators in a US$16-billion judgment. This decision poses a significant challenge for President Javier Milei ahead of important midterm elections. Judge Loretta Preska ordered Milei’s government to transfer … Read more