Judicial Backslide: New York court signed a ruling against Argentina for the expropriation of YPF

Then, the North American justice left the trial judgment of the South District Court of New York, headed by Loretta Preska, in which it was considered that Argentina violated the conditions of the expropriation. of the society.

The case was initiated following a lawsuit by Petersen, whose trial is being conducted by Burford Capital Limited, and following the second instance ruling against YPF and the Argentine State, sources said. the national government informed Telam that it would appeal.

"This was the subject of an appeal and is not the end (of the cause), a rejection, far from it: there are resources in front of the Preska, the House and the Supreme Court of the United States "added the source.

The decision of the US Court of Appeals was taken in the context of a pending decision of the Supreme Court of that country on the jurisdiction in which the proceedings should be conducted, a question requested by the United States Court of Appeals. # 39; Argentina.

The highest court should therefore decide on this issue. In January, the government of President Donald Trump asked for his opinion on this matter. "Yesterday, the Court of Appeal decided that the sentence would be final without waiting for the maximum court"said FinGuru specialist and director Sebastián Maril,

Similarly, Maril reported that "yesterday, Argentina filed an urgent motion in the Court of Appeals asking it to reconsider his sentence, most likely that the Court will not let him." no place and goes to the court of Preska, who will tell them that they have to sit down and negotiate how much he has to pay the plaintiffs. "

As Maril explained, following the request of the Spanish company Petersen before the court previously ordered by Thomas Griesa, to expropriate YPF under the government of Cristina de Kirchner, Preska felt that "YPF violated the laws of the determined prospect when privatizing the oil company, so is guilty in this case."

According to the specialist, the case would have been presented in 2015. There are two Spanish companies that held 25% of the shares during the nationalization. The privatization prospectus indicated that if ever there was a change of ownership, the majority shareholder should give the minority shareholders the opportunity to buy the shares, but they had decided not to do so under the government previous.

"On the contrary, they said that they were going to expropriate 51% of Repsol's hands only, which will violate international laws, so Petersen lost a lot of money and defaulted on two loans of $ 3 billion. dollars that the company had received, "he added. .

According to the specialist's personal calculations, the value that Argentina should pay raises to "1,750 million USD plus interest".