The New York Court rejected Argentina's appeal in YPF's lawsuit

The Court of Appeal of the Second Circuit of New York today rejected the appeal of the Argentine Republic and YPF to reconsider his decision last week, which he had left firm a trial judgment in the case brought by the Burford Capital fund after the acquisition of the Petersen Group, an oil company.

Thus, the court upheld its decision of April 19 in which it upheld the trial provisions of the Southern District Court of New York, under Loretta Preska, in which it was considered that Argentina violated the terms of the treaty . the expropriation of the company.

Official sources explained that this measure was not the end of the case, but that Argentina was using the Preska, the House and the US Supreme Court.

Sources said last week, the nation's Treasury Prosecutor filed an urgent appeal appealing against the validity of a "suspension" in the hands of the US Supreme Court, which the Court of Appeal He responded today by dismissing the application and allowing Preska J. to continue her actions.

The case – which could consider a request of about 3,000 million US dollars – was launched by the Burford fund after buying the rights of litigation in the context of the bankruptcy process. Petersen Energy and Petersen Inversora.

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 Supreme Court. # 39; Argentina.

In January, the highest court of the United States asked the government of President Donald Trump to rule on the issue.