News of nationalisation

Burford open to Argentine bonds for US$16-billion judgement

08-11-2024 19:36 Burford Capital, which won a US$16-billion judgement against Argentina over its nationalisation of energy firm YPF SA more than a decade ago are open to receiving payment in bonds instead of cash.

COURT WOES

US intervenes in YPF nationalisation court case

07-11-2024 20:43 United States asks judge to reject ‘vulture fund’ lawsuit seeking to seize YPF assets; Burford and Eton Capital funds are demanding company assets to guarantee payment on ruling obliging the state to pay US$16 billion for the expropriation of state energy firm.

ypf nationalisation case

US says it may weigh in on Burford’s US$16-billion Argentina award

09-09-2024 21:08 United States government “actively considering” whether to file statement of interest with courts concerning Burford Capital’s efforts to collect a US$16-billion judgment against Argentina over nationalisation of state oil firm in 2012.

US COURT CASE

Burford cites governor in pursuit of US$16-billion YPF award

13-08-2024 14:39 Burford Capital suggests remarks by Buenos Aires Province Governor Axel Kicillof support its push to collect a US$16-billion US court award against YPF oil company.

STATE ENERGY FIRM

Burford seeks Argentina’s YPF stake to pay US$16-billion award

22-04-2024 20:29 Burford Capital asks US judge to grant it controlling 51% stake in YPF as part of its effort to collect on a US$16-billion court judegment.

YPF nationalisation case

Brazil backs Argentina in fight over US$16-billion US YPF judgment

05-03-2024 14:02 Brazil, Chile, Ecuador and Uruguay file "friends of the court" brief to assist Argentina’s appeal against a US$16.1-billion US court judgement over the controversial 2012 nationalisation of oil company YPF SA.

YPF RULING

Argentina’s US$18-billion Chinese FX line eyed for US YPF judgement

29-02-2024 00:15 Burford Capital, trying to collect on a US$16-billion US court judgement against Argentina, is exploring whether a currency swap line with China could be used to satisfy the debt.

ypf nationalisation case

Blow for Argentina as court rules against nation in YPF nationalisation case

11-01-2024 17:12 US Judge Loretta Preska rejects the motion for extension by the government and confirms January 10 was deadline to provide guarantees; Plaintiffs can now seek seizure of assets for compliance.

ypf nationalisation case

Argentina’s US$16.1-billion YPF judgement is now open to collection

11-01-2024 16:12 US judge rules against Argentina's bid to push back collection efforts for US$16.1-billion court judgement related to its 2012 takeover of oil company YPF SA.

BLOOMBERG - ANALYSIS

Perpetual bonds unlikely to be the answer in YPF case

28-12-2023 00:35 Javier Milei’s suggestion that Argentina could issue debt to comply with a US$16-billion lawsuit award related to the nationalisation of oil company YPF has met with scepticism from investors.

US COURTS

Argentina gets delay on payment of US$16.1 billion in YPF case

23-11-2023 13:06 Judge agrees to temporarily delay enforcement of a US$16.1 billion court judgment against Argentina over its 2012 expropriation of oil company YPF.

YPF COURT CASE

Argentina appeals US$16-billion payout order for YPF expropriation

11-10-2023 22:31 State appeals US$16-billion judgement in US lawsuit over firm’s controversial 2012 expropriation.

YPF RULING

Government says US$16-billion US judgment is 20% of its budget

28-09-2023 21:12 Argentina said it wants to delay paying a US$16-billion court judgment over its 2012 expropriation of oil company YPF SA.

YPF COURT CASE

Burford seeks to begin collecting US$16-billion Argentina judgment

25-09-2023 21:21 Litigation funder, which acquired claims of YPF ex-shareholders in 2015, seek permission from court begin collection efforts to satisfy a US$16-billion judgment over firm's expropriation, saying it is clear that Argentina had “no intention” of paying up.

OIL & GAS

Argentina investors see rally in YPF bonds running out of steam

21-09-2023 23:07 Investors saying it’s time to sell bonds from Argentina’s state-run oil driller YPF SA ahead of the presidential elections in October.

STATE ENERGY FIRM

US judge orders Argentina to pay US$16.1 billion for YPF expropriation

16-09-2023 08:01 US federal judge Loretta Preska says government must pay nearly US$16.1 billion to two companies that were not compensated as minority shareholders for the 2012 nationalisation of the YPF oil giant; Argentina vows to appeal ruling.

YPF RULING

Burford eyes 37,000% return in US$16-billion Argentina award

11-09-2023 21:29 Litigation funder paid US$16.6 million for YPF seizure claims; Argentina has vowed to appeal Friday award by US federal judge.

US COURT RULING

Argentina ordered to pay US$16 billion in YPF lawsuit

08-09-2023 13:14 Argentina ordered to pay at least US$8.4 billion in damages and US$7.6 billion in interest in a US lawsuit over its 2012 re-nationalisation of state oil company YPF