Overview
- The U.S. Court of Appeals for the Second Circuit scheduled oral arguments for the week of March 3, 2026 in the dispute over transferring YPF shares.
- Argentina must file its written reply in the appeal by December 12, 2025, following claimants’ recent briefs urging enforcement.
- A preventive stay remains in place that blocks any transfer of YPF shares while the appeal proceeds.
- Judge Loretta Preska’s district court rulings found Argentina liable for about $16.1 billion over the 2012 expropriation and authorized using YPF shares as partial payment.
- The court plans to hear a related appeal filed by an NGO during the same March 2026 argument calendar.