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Second Circuit Set to Rule on YPF Share Transfers as Vialidad Deadline Looms

A New York appeals court’s imminent decision on YPF share transfers confronts Argentina’s need for congressional approval alongside an upcoming court-ordered asset execution in the Vialidad case.

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Autoridades del Gobierno y de la Cámara Nacional Electoral se reunieron para cerrar detalles sobre el uso de la Boleta única de Papel.
ARCHIVO.- Diego Guelar, cuando recibió en China al entonces presidente Mauricio Macri junto a su pareja, Juliana Awada
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Overview

  • The Second Circuit is poised to decide whether to maintain the stay halting delivery of 51 percent of YPF shares to satisfy a US$16.1 billion judgment or to lift it or demand other guarantees.
  • Chief of Cabinet Guillermo Francos warned that transferring state-owned YPF shares is legally unworkable without prior congressional authorization under Law 26.741.
  • In the Vialidad case, the court-ordered deadline for depositing roughly ARS 684 billion in reparations expires tomorrow, with no payments logged and a risk of seizing embargoed assets as Cristina Kirchner’s legal team moves to halt execution.
  • President Javier Milei convened dinners with La Libertad Avanza and PRO deputies in Olivos to shore up votes for his vetoes after a series of parliamentary defeats.
  • Provincial governors and opposition blocs are pushing Congress to reverse presidential vetoes on funding measures, heightening political stakes as the executive works to maintain support in a divided legislature.