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Legal
A YPF opened a new judicial front in the United States involving the firm Maxus, an oil company bought in 1995, and a conflict for environmental damage According to Clarín, the Company said that two of its subsidiaries, YPF Holdings and CLH Holdings, were informed of an action brought by the Liquidation Trust of Maxus Energy Corporation, which claims allegations of damages in the amount of until 39. up to US $ 14,000.
The claims are related, says YPF, to "alleged corporate restructuring operations that the company allegedly celebrated years ago"
. YPF filed for bankruptcy against Maxus. The goal was that this company, to which he transferred some 200 million US dollars to deal with payments for environmental remediation, will close and that YPF will be released from potential lawsuits against her. The lawsuit is also directed against YPF, YPF International and other companies not affiliated with YPF, but they have not been notified.
The State of New Jersey accused Maxus of polluting the Pbadaic River during the 1950s and 1960s. It was noted that he would have dumped Dioxin, one of the products the pollutants of the world.
The above mentioned contamination occurred several years before the acquisition (of Maxus for YPF). In the case of a valid notification, YPF will firmly defend any accusation that the commercial transactions mentioned in the claim, which have been made in accordance with corporate governance standards and other applicable regulations, render YPF liable towards Maxus or his creditors.
The Trust's claim was brought in the Delaware District Court of the United States.
YPF is also the subject of claims of the Burford Vulture fonds which claims the country some billion dollars for the expropriation of the oil company . In early July, a New York court ruled against Argentina and ruled that the lawsuit should continue in the United States and not move to Buenos Aires, as claimed by the national government.
with the Petersen Group companies, the Eskenazi family, and the ability to sue.
The decision may still be the subject of an appeal by the Government to the United States Supreme Court.
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