US judge annuls $16 billion YPF claim against Argentina
US federal judge annulled $16 billion judgment against Argentina over 2012 YPF nationalization.
Palanor Wire · composed from 3 outlets · every claim links to its sources
What happened
Federal Judge Loretta Preska formally closed the first-instance case file for the YPF expropriation in New York. 13 Preska annulled the approximately US$16 billion compensation imposed on Argentina in 2023 for the 2012 nationalization of YPF oil company. 123
Why it matters
The ruling favors the Argentine State in the decades-long litigation that represented the largest lawsuit against the country. 23
What to watch
A new administrative procedure would formally complete the case closure in New York. 2
Sources · 3
[1]YPF: Justicia de EE. UU. anula condena de US$ 16.100 millones
Rumbo Minero
[2]Un fallo de la jueza Preska acerca el cierre del juicio por YPF y la caída del reclamo por US$16.000 millones
La Nación (Argentina)
[3]La jueza Loretta Preska de Nueva York dio un paso clave para cerrar el juicio por YPF y anular el reclamo de US$16.000 millones
Clarín · Economía
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