As reported by Procurement of the Treasury of the Nation (PTN): “In this process they sought the recognition and execution in Ireland of the ruling issued by the Court of the Southern District of New York, which condemned the Argentine Republic to pay more than 16 billion dollars plus interestwhich is still in an instance of appeal. “
The PTN said that both Burford and Eton Park have promoted similar actions in other foreign jurisdictions, “so” the Irish decision constitutes The first resolution within the framework of these attempts for international execution and represents a favorable precedent for the Argentine Republic “.
“This government, under the leadership of President Javier Milei, He will continue to defend the national interests firmly and decision. This ruling confirms the solidity of the technical defense deployed and Our commitment to the protection of the nation’s strategic assets“The statement concluded.
This is the second favorable ruling in favor of Argentina in recent days, after the New York Appeals Chamber I kept suspended the order of Judge Loretta Preska that forces the National State to deliver the 51% of YPF actions.
The delivery of the shares will be analyzed by the Court in September and in October, after the legislative elections, the appeal of Capital buford, The main demanding trial.
For its part, the National Government already advanced that will go to the US Supreme Court Faced with each negative resolution in this case.
How is the judgment for the expropriation of YPF
Last June 30, Loretta Preska, Judge of the Court of the Southern District of New York, failed against the country and ordered that the Argentina Deliver the actions of YPF to the funds Burford and Eton Park as a form of payment of compensation set on U $ S16,099 million more interests, which are calculated in U $ 2.5 million per day.
At that time, the Argentine defense presented the second appeal to stop the order and, meanwhile, the Court granted a temporary administrative suspension. This suspension is what is now extended over time.
The vultr funds already advanced in a letter that if they receive the actions of YPF They would keep them in an account of the The Bank of New York Mellon (Bony) Waiting for a final sentence for the appeal. “That will not happen”the trial analysts claim.
This week the Appeals Chamber had three options to fail: maintain the suspension of the delivery of shares of YPF, Raise the application or order Argentina to give the actions. The posture of posting the delivery had the support of the United States Department of Justice.
It should be remembered that the funds had already tried to charge the trial, seize or take as guarantee of other assets of the national State (Central Bank, Aerolineas Argentinas, ENARSA and ARSAT)but they had no luck.
As with YPF, the objective of the plaintiffs is to demonstrate the “alter ego” that the State exerts on these public companies, and that are actually managed by the “policy.” That is why they asked for private information from Sergio Massa and Luis Caputo.
Source: Ambito
