In a blow to Milei, a US judge orders Argentina to turn over its majority stake in state oil company

US judge rules against Argentina in YPF restatization case

Judge Loretta Preska of the Southern District Court of New York ordered Argentina to transfer 51% of YPF shares to an escrow account to settle a US$16.1 billion judgment in favor of Burford Capital and Eton Capital, stemming from the 2012 expropriation of the oil company. The ruling, which Argentina may appeal, surprised the government, as even the US Department of Justice opposed it. The decision led to a sharp decline in YPF shares (1.4% on Wal

In a blow to Milei, a US judge orders Argentina to turn over its majority stake in state oil company

The fate of Argentina’s state-run oil company has been thrown into doubt as a U.S. judge ordered the cash-strapped country to give up its 51% controlling stake in YPF

In a blow to Milei, a US judge orders Argentina to turn over its majority stake in state oil company

The fate of Argentina’s state-run oil company has been thrown into doubt as a U.S. judge ordered the cash-strapped country to give up its 51% controlling stake in YPF