US appeals court voids $16.1 billion judgment against Argentina over YPF seizure
NEW YORK, March 27 (Reuters) - A U.S. appeals court on Friday struck down a $16.1 billion judgment against Argentina for seizing control of state-owned oil company YPF in 2012, a victory for Argentine President Javier Milei as he tries to stabilize the country's long-strained economy.
The decision was issued by the 2nd U.S. Circuit Court of Appeals in Manhattan.
Argentina had been seeking to overturn the $16.1 billion award in September 2023 by a lower court judge to former YPF shareholders Petersen Ener
NEW YORK, March 27 (Reuters) - A U.S. appeals court on Friday struck down a $16.1 billion judgment against Argentina for seizing control of state-owned oil company YPF in 2012, a victory for Argentine President Javier Milei as he tries to stabilize the country's long-strained economy.
The decision was issued by the 2nd U.S. Circuit Court of Appeals in Manhattan.
Argentina had been seeking to overturn the $16.1 billion award in September 2023 by a lower court judge to former YPF shareholders Petersen Ener
2 months ago
