Tag #Ypf

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elpais.com

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Jul 18, 22:16

US Backs Argentina in YPF Lawsuit, Suspending Share Transfer Order

The Trump administration backed Argentina against YPF shareholders in a US court case, supporting Argentina's claim of sovereign immunity, temporarily suspending a lower court's order to transfer 51% of YPF shares and setting a precedent for future nationalization disputes.

US Backs Argentina in YPF Lawsuit, Suspending Share Transfer Order

The Trump administration backed Argentina against YPF shareholders in a US court case, supporting Argentina's claim of sovereign immunity, temporarily suspending a lower court's order to transfer 51% of YPF shares and setting a precedent for future nationalization disputes.

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What are the immediate implications of the US government's support for Argentina in the YPF lawsuit?

The Trump administration sided with Argentina in its legal battle against YPF shareholders in US courts, filing an amicus brief opposing a ruling that Argentina hand over 51% of YPF shares. This support, echoing similar support from the Biden administration, temporarily suspended the lower court's order. The Justice Department emphasized the importance of correctly applying principles of foreign sovereign immunity.

elmundo.es

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Jul 16, 04:12

Argentina Wins Temporary Reprieve in YPF Expropriation Case

A New York appeals court temporarily suspended an order requiring Argentina to transfer 51% of YPF shares to Burford and Eton funds, delaying a $17.75 billion payment stemming from the 2012 expropriation of YPF from Repsol. This buys Argentina time to appeal the original ruling.

Argentina Wins Temporary Reprieve in YPF Expropriation Case

A New York appeals court temporarily suspended an order requiring Argentina to transfer 51% of YPF shares to Burford and Eton funds, delaying a $17.75 billion payment stemming from the 2012 expropriation of YPF from Repsol. This buys Argentina time to appeal the original ruling.

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What are the underlying causes of the legal dispute between Argentina and the investment funds, Burford and Eton?

This ruling halts the immediate transfer of YPF shares, pending appeal. The dispute stems from Argentina's 2012 expropriation of YPF from Repsol, with Burford and Eton acquiring the right to sue. Argentina's success in its appeal hinges on avoiding the $17.75 billion payment plus daily interest.

elpais.com

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Jul 15, 07:12

Argentina Ordered to Transfer YPF Shares Amidst Legal Dispute

A New York court ordered Argentina to transfer 51% of YPF shares to US funds within three days, upholding a 2023 ruling that found Argentina liable for $16.1 billion in damages for not offering equal treatment to all shareholders during the 2012 nationalization of the oil company. Failure to comply ...

Argentina Ordered to Transfer YPF Shares Amidst Legal Dispute

A New York court ordered Argentina to transfer 51% of YPF shares to US funds within three days, upholding a 2023 ruling that found Argentina liable for $16.1 billion in damages for not offering equal treatment to all shareholders during the 2012 nationalization of the oil company. Failure to comply ...

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How did the 2012 YPF nationalization lead to this current legal dispute?

The court's decision stems from a 2023 ruling ordering Argentina to pay $16.1 billion to shareholders who claimed unequal treatment during the YPF nationalization. The judge rejected Argentina's argument that transferring the shares would cause irreparable harm, stating the harm resulted from Argentina's delays and attempts to evade its obligations. Argentina's government appealed but faces a tight deadline.

english.elpais.com

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Jul 17, 16:16

US Supports Argentina in YPF Legal Battle

The US government will support Argentina in a legal dispute over the 2012 nationalization of YPF, arguing that a forced share transfer violates sovereign immunity principles, preventing Argentina from paying $16 billion demanded by Burford and Eton Capital funds, potentially setting a precedent for ...

US Supports Argentina in YPF Legal Battle

The US government will support Argentina in a legal dispute over the 2012 nationalization of YPF, arguing that a forced share transfer violates sovereign immunity principles, preventing Argentina from paying $16 billion demanded by Burford and Eton Capital funds, potentially setting a precedent for ...

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What are the immediate implications of the US government's intervention in the YPF case for Argentina?

The US government will file a brief with the New York Court of Appeals, supporting Argentina in the YPF case against claims by Burford and Eton Capital funds. This follows a previous, unsuccessful intervention by the Biden administration, arguing that the forced transfer of Argentina's YPF shares would violate US sovereign immunity principles and set a dangerous precedent. The current order demands $16 billion in compensation, a sum Argentina lacks.

elmundo.es

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Jul 15, 01:14

Argentina Faces Contempt of Court in YPF Share Dispute

A New York judge rejected Argentina's request to delay transferring 51% of YPF shares to investment funds, escalating a legal battle over the 2012 expropriation of the Argentine oil company from Repsol, potentially leading to contempt of court for Argentina if they do not comply within three days.

Argentina Faces Contempt of Court in YPF Share Dispute

A New York judge rejected Argentina's request to delay transferring 51% of YPF shares to investment funds, escalating a legal battle over the 2012 expropriation of the Argentine oil company from Repsol, potentially leading to contempt of court for Argentina if they do not comply within three days.

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What factors contributed to the current legal dispute between Argentina and the investment funds?

This ruling stems from a 2023 judgment ordering Argentina to pay $16.1 billion plus interest to Burford and Eton Park Capital for the 2012 expropriation of YPF from Repsol. Argentina's appeal process may lead to the US Supreme Court, while the involved investment funds have expressed willingness to negotiate a reduced payment.",

elpais.com

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Jun 7, 10:10

Argentina to Become Major LNG Exporter via Eni Partnership

Argentina is partnering with Italy's Eni to export 12 million tons of liquefied natural gas (LNG) annually by 2027-2028, leveraging its Vaca Muerta reserves, and potentially reaching $12.5 billion in annual revenue by 2030 through further partnerships with companies like Shell, significantly improvi...

Argentina to Become Major LNG Exporter via Eni Partnership

Argentina is partnering with Italy's Eni to export 12 million tons of liquefied natural gas (LNG) annually by 2027-2028, leveraging its Vaca Muerta reserves, and potentially reaching $12.5 billion in annual revenue by 2030 through further partnerships with companies like Shell, significantly improvi...

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What is the immediate impact of Argentina's agreement with Eni on its energy sector and global energy markets?

Argentina's Vaca Muerta shale formation holds vast natural gas reserves, leading to a 50% reduction in imports over the past decade and the start of exports to Chile and Brazil. A new agreement with Italy's Eni aims to export 12 million tons of liquefied natural gas (LNG) annually by 2027-2028, significantly boosting Argentina's energy revenue.

Showing 1 to 6 of 6 results