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2h ago

Second Circuit Rejects Rehearing in Argentina’s GDP‑Warrant Dispute

The ruling leaves intact a finding that creditors failed the contracts’ no‑action requirement.

La justicia de EEUU aceptó el pedido argentino de apelación frente a otra causa mllonaria.
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Justicia Nueva York Estados Unidos
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Overview

  • The appeals court in New York declined both panel and en banc rehearing in the Aurelius-led Cupón PBI case, leaving in place its July 16 decision that affirmed Judge Loretta Preska’s July 2024 dismissal.
  • The decision averts an estimated $500 million payment that creditors sought on Argentina’s GDP-linked securities.
  • Analysts report the funds may try to refile in district court to address the no‑action technicality, though no new filing has been announced.
  • In a separate track, the Second Circuit set Oct. 29, 2025, for oral arguments on Argentina’s appeal of the US$16.1 billion YPF expropriation judgment before a three‑judge panel.
  • A distinct appeal over Preska’s June 30 order to transfer 51% of YPF shares to a guarantee trust is scheduled for Sept. 25 briefing and consideration following a prior temporary pause on turnover.