Argentina ordered to surrender YPF stake to satisfy court judgment

Published:2025-07-01 02:53:05
Argentina ordered to surrender YPF stake to satisfy court judgment

Investing.com -- A U.S. judge ordered Argentina to give up its 51% stake in oil and gas company YPF to partially satisfy a $16.1 billion court judgment against the country.

U.S. District Judge Loretta Preska in Manhattan ruled on Monday that Argentina must transfer its YPF shares within 14 days to a BNY Mellon (NYSE:BK) custody account. The country must also instruct the bank to transfer the shares within one business day to the plaintiffs.

The plaintiffs in the case are Petersen Energia Inversora and Eton Park Capital Management, which are represented by litigation funder Burford Capital.

Argentina has been appealing Judge Preska’s September 2023 decision that awarded the $16.1 billion judgment to the plaintiffs.

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