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3h ago

Preska Gives YPF 15 Days to Hand Over Emails and Messages in Alter‑Ego Probe

The court’s directive advances an alter‑ego inquiry that could open YPF assets to collection on a U.S. judgment now above $18 billion.

USA5037. BOGOTÁ (COLOMBIA), 18/08/2025.- Fotografía de archivo del 9 de marzo de 2023 que muestra una pancarta de la petrolera argentina YPF con las banderas de Estados Unidos y Argentina en la fachada de la bolsa de valores de Nueva York (Estados Unidos). Argentina logró un fallo a su favor por parte de la Justicia de Irlanda en la millonaria demanda llevada adelante por la firma inglesa Burford Capital y la estadounidense Eton Park por la nacionalización de la petrolera argentina YPF en 2012, informaron este lunes fuentes oficiales. EFE/ Sarah Yáñez-Richards ARCHIVO
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El Gobierno emitió deuda por US$ 6000 millones para pagarle a Repsol la expropiación de YPF
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Overview

  • Judge Loretta Preska denied YPF’s motions to intervene post‑judgment, to halt the process on res judicata grounds, and to block creditors from pursuing the company’s assets.
  • YPF must produce emails, WhatsApp messages and internal records within 15 days and file a joint plan detailing the remaining scope of discovery.
  • The discovery aims to determine whether YPF operates as Argentina’s alter ego, a finding that could expose the company’s assets to satisfy the expropriation judgment with interest.
  • Preska stressed the alter‑ego phase does not reopen the underlying liability ruling and focuses on potential avenues to execute the award.
  • Key dates ahead include a Sept. 25 filing on the order to transfer 51% of YPF shares as security and an Oct. 29 Second Circuit hearing on the appeal.