The Yankee Justice has decided to make a firm decision against Argentina for the expropriation of YPF | Chronic

The Court of Appeals of the Second Circuit of New York has signed a first instance judgment on a one million dollar lawsuit against YPF and the Argentine State after the expropriation of the oil company in 2012, a decision that will be appealed by the national government, according to official sources.

The US judicial firm upheld the decision of the lower court – the Southern District Court of New York, in charge of Loretta Preska – in which Argentina was deemed to have violated the terms of the company's expropriation .

The case was initiated following a lawsuit by Petersen, whose litigation is being conducted by Burford Capital Limited, and after the second instance ruling against YPF and the Argentine State, sources from the national government have announced that he will appeal.

"It's a process and we have to follow the steps and of course follow them." I mean, this has been appealed and it's not the end (of the cause), a rejection, far from it: there are resources before Preska herself, the House and the Supreme Court of 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.

In this way, the highest court must decide on this issue. In January, he asked the president's government Donald Trump, your opinion about it

"Yesterday, the Court of Appeal decided that the sentence would be final without waiting for the maximum court"explained to Telam the specialist and director of FinGuru, Sebastián Maril.

Similarly, Maril said that "yesterday, Argentina filed an urgent motion in the Court of Appeals asking it to reconsider her sentence." Most likely, the Court does not allow no place to a court 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 Fernández de Kirchner, Preska felt that "YPF had violated the prospectus laws determined by the privatization of the oil company, so he is guilty in this case ".

"The case was presented in 2015. These are two Spanish companies that held 25% of the shares when they were nationalized." In the privatization prospectus, it was established that, should a change of ownership occur, the majority shareholder should give it to him. the opportunity for minority shareholders to buy the shares, but in the previous government they decided not to do it, "said Maril.

"On the contrary, they said that they were going to expropriate only 51% in the hands of Repsol, that is, to break international laws, so Petersen lost a lot of money and lacked two $ 3 billion loans that the company had received, "he added.

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