The federal judge of New York, Loretta Preskarejected the presentation made by the Republican Action for Argentina to leave the payment that the country is obliged to make for US $ 16,000 million for the expropriation of YPF made during the government of Cristina Kirchner.
As the magistrate argued in the failure disseminated by Sebastián Marilthe presentation of the NGO arrived out of time and that’s why it was rejected. The pre -established deadline was one year.
The Foundation had asked the judge to cancel the ruling for which he condemned the Argentine State to pay 16.1 billion dollars to firms Burford and Eton Park and investigate those involved in the nationalization of the Argentine oil company YPF.
The presentation was made last February 17 And the judge of the Southern District Court of New York He issued an order of view to the parties involved in the trial.
The judge emphasized that the presentation last year at the beginning of the case is not valid and cited the case d’Amat versus Deutsche Bank. In addition, he quoted Restor-A-Dental Lab’ys, Inc. v. Certified Alloy Prods., Inc., establishing that the applicant’s interest must be direct and not remote or contingent.
The director of Research For TradersDarío Epstein, pointed out: “Those who sold rotten fish and muddled the court saying that they were saving $ S16,000 million, Have a little humility and call silence. ” In that sense, he added: “The issue is serious. It does not give it to use it to operate politically“
Judgment against Argentina for the expropriation of YPF
In 2023, Preska condemned the Argentine State for the decision in 2012 of expropriate the Spanish Repsol 51% of the shares in YPF without making a public offer for acquiring titles to other minority shareholders of the largest oil company in Argentina.
The case began in 2015, When the English firm Burford Capital and the American Eton Park They promoted the demand after acquiring the rights of litigation of two societies constituted in Spain and that they broke: Petersen investment energy and petersen energy. These two societies previously belonged to the Argentine group Petersen -from the Eskenazi family, which had a share in 25% shares of the Argentine company.
Burford and Eton Park’s claim indicates that the Argentine State had to launch a public acquisition offer for the rest of the actions that did not belong to Repsol.
Source: Ambito
