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Preska Orders Expanded Discovery in Argentina’s YPF Case, Targets Central Bank Gold Reserves

Argentina faces a discovery hearing on August 6 followed by an August 15 deadline to deliver detailed asset-tracing records.

Overview

  • Preska ordered Argentina to hand over chats and emails of former Economy Ministers Luis Caputo and Sergio Massa.
  • Discovery now extends to communications of ex-officials Guillermo Michel, Eduardo De Pedro and Matías Tombolini to probe privatizations and China deals.
  • The court directed tracing of Banco Central’s gold reserves abroad to assess their seizure under an alter-ego theory.
  • Preska rejected Argentina’s confidentiality claims, ruling that forthcoming discovery documents must be publicly accessible.
  • The judge signaled that Luis Caputo could be summoned to testify if he fails to produce the requested documentation on gold movements.