✉news WorldLaw & Courts first seen 13 h ago, last 2 h ago, peak #18
YPF investors ask US Supreme Court to revive $16.1 billion judgment against Argentina
Investors in Argentina's state energy company YPF have asked the US Supreme Court to reinstate a $16.1 billion judgment against Argentina. The claim stems from the country's 2012 expropriation of YPF from Spain's Repsol, which shareholders argued was carried out without a proper tender offer. The case has wound through US courts for years, and Argentina has contested the damages award. A Supreme Court decision to hear the appeal would determine whether one of the largest judgments against a sovereign state can stand.
Why now: Argentina's government has been contesting the massive judgment, and investors are pushing the Supreme Court to restore it after lower courts threw it out
YPFArgentinaUS Supreme CourtRepsol
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