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Plaintiffs to Seek Contempt Against Argentina in $16.1 Billion YPF Case

Plaintiffs accuse the state of withholding officials’ messaging records, a claim Argentina’s Treasury Legal Office rejects as it cites ongoing, partial productions.

Overview

  • Beneficiaries of the YPF judgment plan to file a contempt motion on January 15 before U.S. District Judge Loretta Preska, requesting economic sanctions against Argentina.
  • The request cites alleged noncompliance with discovery orders for WhatsApp and other messaging data, with six custodians still outstanding as of January 12 after most officials produced records.
  • Argentina’s Procuración del Tesoro says the Republic is complying with court orders through periodic deliveries and cooperation to obtain consents, noting production from 30 of 36 identified custodians.
  • Argentina is preparing its formal defense, due February 19, in response to the contempt bid and the underlying discovery dispute.
  • Plaintiffs, including Burford Capital, are also advancing an alter‑ego theory to reach assets of state‑controlled entities such as YPF, Energía Argentina, Aerolíneas Argentinas, Banco Nación and the Central Bank if enforcement proceeds.