The request was sent to New York Second District Judge Loretta Preskadue to the obstacles imposed by Argentina on the discovery of information by the companies that won the ruling.
This is how the plaintiff companies requested information about a list of possible seizable assets, in what could be a long judicial process and with little predisposition on the part of the Argentine State.
Trial by YPF: what assets the plaintiff companies intend to seize
The assets that could be seized represent, more specifically, shares of Argentine companies and entities such as Argentinian airlines, ARSAT, ENARSA and National Bank, among others. In addition, YPF shares held by the State in the Stock Exchange, accounts, assets, debts and transactions are also included.
Furthermore, the plaintiff companies, in the application, demand information on the currency swap agreed between the People’s Bank of China and the Central Bank of the Argentine Republic.
The plaintiff in the case, that is, the companies, did not request a direct embargo, but rather They ask in the first instance for clarification of the information on Argentine assets in the face of the lack of cooperation on the part of the State.
“This morning we finally found out why the beneficiaries of the ruling for the expropriation of YPF had not yet exercised their right to seize State assets: Argentina has not been cooperating since the first request for information on October 16. Last night they showed up 122 pages with requests for asset information and the responses of the Fernández and Milei governments,” explained lawyer Sebastián Maril from his X account (former Twitter).
Argentina appealed the ruling in the YPF case and asks that it be tried in the country
The Government, while receiving judicial pressure from its plaintiffs, appealed Judge Preska’s ruling that forces the country to pay compensation of US$16.1 billion for the nationalization of the oil company YPF in 2012, maintaining that the case has to be tried in the country and that the plaintiffs’ damages were “enormously inflated.”
The writing It was presented last week by the lawyers representing the country. The line of appeal, the first advance in the case under the Government of Javier Milei, follows the same argumentation of the defense of the Argentine State during the administrations of Cristina Fernández de Kirchner, Mauricio Macri and Alberto Fernández.
In the document, Argentina asked the Second Circuit Court of Appeals in New York to reverse the ruling of the Preska court, which “erroneously applied Argentine public and private legislation in supporting the plaintiffs’ claims.”
Source: Ambito
