Particle.news
Download on the App Store
15 ARTICLES
·
last mo.

Argentina Files Appellate Brief to Extend Suspension of YPF Share Transfer

Creditors have signaled they prefer guarantees over shares, shifting enforcement tactics ahead of the court’s ruling.

Beneficiarios del juicio por YPF criticaron la postura del gobierno de Estados Unidos en el litigio
Image
Image
Image

Overview

  • Argentina will file its detailed appellate brief on July 22 asking the Second Circuit to extend the temporary stay on delivering 51% of YPF shares ordered by Judge Loretta Preska.
  • The U.S. Department of Justice submitted an amicus curiae brief on July 16 recommending that the transfer order remain suspended pending appeal.
  • Judgment creditors Burford Capital and Eton Park signaled they will not take possession of YPF shares and have pressed Argentina to post financial guarantees instead.
  • Burford Capital publicly criticized the U.S. government’s intervention as highly unusual and based on erroneous legal premises.
  • The Second Circuit’s forthcoming decision will determine whether the stay holds or reactivates Preska’s transfer order, with potential contempt risks and market repercussions for Argentina.