US judge orders Argentina to transfer YPF shares to help satisfy $16.1 billion judgment
30/06/2025 17:49
NEW YORK, June 30 (Reuters) - A U.S. judge on Monday ordered Argentina to give up its 51% stake in oil and gas company YPF YPFDm.BA, to partially satisfy a $16.1 billion court judgment against the cash-strapped country. U.S. District Judge Loretta Preska in Manhattan said Argentina must transfer its YPF shares within 14 days to a BNY Mellon custody account, and instruct that bank to transfer the shares within one business day to the plaintiffs. Argentina has been appealing Preska's September 2023 decision to award the $16.1 billion to Petersen Energia Inversora and Eton Park Capital Management, which are represented by litigation funder Burford Capital BURF.L. (Reporting by Jonathan Stempel in New York Editing by Mark Potter) ((jon.stempel@thomsonreuters.com; +1 646 223 6317; Reuters Messaging: jon.stempel.thomsonreuters.com@reuters.net/))