The New York Court dismissed Argentina's appeal by YPF – Telam

The Court of Appeals of the Second Circuit of New York rejected the appeal of the Argentine Republic and YPF to reconsider its decision last week, which had left a trial judgment in the case initiated by the fund Burford Capital redemption Petersen Group, former shareholder of the 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.

The sources explained that the Attorney General of the Treasury had last week filed an urgent appeal regarding the validity of a "suspension" in the hands of the US Supreme Court, to which the Court of Appeal answered today. refusing the application and allowing Preska J. to continue her actions.