Overview

• Preska’s July 29 ruling compels Argentina to hand over WhatsApp and email records of Economy Ministers Luis Caputo and Sergio Massa in the $16.1 billion YPF expropriation case.
• The order extends discovery to internal communications and documents from the Central Bank, Aerolíneas Argentinas, Banco Nación and YPF to probe alleged alter-ego relationships.
• Enforcement of the June directive to transfer 51 percent of YPF shares remains paused by a Second Circuit stay while cross-appeals proceed.
• The U.S. Department of Justice filed as amicus curiae arguing that the share-turnover order violates sovereign immunity protections.
• The Second Circuit will rule on August 5 on an NGO’s bid to annul the original award and the next discovery hearing is scheduled for August 6.