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1h ago

Judge Preska Orders Argentina to Reveal All Foreign Assets, Denies Bid to Curb YPF Discovery

The ruling widens the search to a complete inventory of overseas holdings in the $16.1 billion dispute over YPF’s 2012 nationalization.

Jueza estadounidense, Loretta Preska.
Un nuevo fallo de la jueza Loretta Preska que favorece a los intereses del fondo Burford Capital.
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Overview

  • Preska rejected Argentina’s motion for reconsideration, saying the court had already weighed NML Capital and similar arguments.
  • The order requires Argentina to disclose all assets abroad so the court can later decide which are potentially attachable.
  • The judge reaffirmed directives to produce communications from current and former economy ministers related to the case.
  • A Second Circuit stay keeps the ordered turnover of 51% of YPF shares on hold while appeals proceed.
  • Argentina’s legal team is pursuing appeals on the damages award and the share-transfer order, with a follow-up hearing set in New York on Thursday, September 4.