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Seizure of YPF faces litigation from two Spanish companies demanding compensation

Saturday, April 11th 2015 - 14:27 UTC
Full article 47 comments

Argentina has been sued in a US district court in New York in connection with its nationalization of oil giant YPF in 2012, according to court documents. The plaintiffs are two Spanish firms, and they are represented by a US law firm Burford Capital. Read full article

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  • Chicureo

    Maybe in 5 years this will be settled and another 20 years before compensation is made by seizing Argentine assets abroad.

    Apr 11th, 2015 - 02:55 pm - Link - Report abuse 0
  • Conqueror

    Oh poor Cristina. Nothing goes away, does it? What shall we say? Another US$1.5 billion or more in the hole?

    Oh, and far better to seize argieland and strip all its assets. Anyone want to argue about likely argie debts being about US$200 billion? Let's say half of argieland's annual GDP!

    Apr 11th, 2015 - 03:14 pm - Link - Report abuse 0
  • Briton

    owcha ,

    being sued by ones off spring is becoming more common lately,

    poor of springs, cant do anything right.

    Apr 11th, 2015 - 07:38 pm - Link - Report abuse 0
  • Englander

    When will it end!!
    Argentina faces legal case after legal case and already has huge debts which it cannot repay.

    Apr 11th, 2015 - 08:34 pm - Link - Report abuse 0
  • Ipa

    YPF es 100 % Argentina!
    Saludos hermanos latinoamericanos desde Neuquen

    Apr 11th, 2015 - 09:12 pm - Link - Report abuse 0
  • toooldtodieyoung

    5 Ipa

    “YPF es 100 % Argentina!
    Saludos hermanos latinoamericanos desde Neuquen”

    It's pointless trying to say something if no one important can understand you!! you are just urinating against a stiff breeze!!

    Apr 11th, 2015 - 09:39 pm - Link - Report abuse 0
  • Everyone_needs_ResveratrolL

    Racist statement above.

    Typical Anglo.

    Apr 11th, 2015 - 10:46 pm - Link - Report abuse 0
  • Skip

    Not racist. At no time did he state that he was superior in any manner to another poster due to his race. Typical Argentinean education that loudly proclaims things without understanding their meaning.

    It would seem that that is your speciality Nostrils.

    Apr 11th, 2015 - 11:16 pm - Link - Report abuse 0
  • ilsen

    When will this slew of lawsuits end?
    When will Argentina learn that there are real life consequences for populist actions?

    Consequences that in the long-term, actually cost the people more?

    When will Argentina learn that Cristina has been digging a deep, deep hole?

    Answers on a post-card please, to the usual address.

    No. 1 Edificio Narnia.
    Calle Unicorn,
    Ciudad Scoflaw,
    Lie-cester Shire,
    Los Malvinos,
    SA, (somewhere [in the] Atlantic),

    Cheers!

    Apr 12th, 2015 - 01:38 am - Link - Report abuse 0
  • Skip

    Somewhere in the Atlantic or somewhere in Atlantis?

    Apr 12th, 2015 - 01:40 am - Link - Report abuse 0
  • ilsen

    @10
    haha!
    Thank you, I might borrow that for future posts! If I may?
    Very good!
    :)
    No matter what, they are sunk!
    arf!
    Maybe, ' SA = Sunken Atlantis”
    haha, now you have really got me started...
    :)
    We could be on a roll here!

    Apr 12th, 2015 - 01:53 am - Link - Report abuse 0
  • Everyone_needs_ResveratrolL

    Stating that one language is worthless compared to another is indeed a racist statement. Just because you can't tell because you have the same frame of mind (the Anglo frame of mind), is not my problem.

    Apr 12th, 2015 - 03:20 am - Link - Report abuse 0
  • ilsen

    @12
    You are assuming that the comment ”no-one can understand', because the comment was made in Spanish, not because 'no-one' can understand the actual text.
    Neuquén produces more apples and pears, than it does oil or gas.

    Meanwhile, has Argentina paid the $5 billion owing to REPSOL yet?

    It must be very dark in your mother's basement. When will you see the light?
    Again, your insecurity is blatant.

    Apr 12th, 2015 - 03:40 am - Link - Report abuse 0
  • Everyone_needs_ResveratrolL

    Just arrest Justin Bieber the Anglo scofflaw hiding out in the criminal haven of the USA / Canada.

    Apr 12th, 2015 - 03:49 am - Link - Report abuse 0
  • Troy Tempest

    NOSTRILS

    What about the Iranian Terrorists?

    Wasn't your government and the Jewish community wanting them extradited to stand trial in Argentina?

    Oh, right, Timmerman betrayed your Jewish community in Argentina, and ALL Argie citizens by letting them off the hook, for a profit.

    Apr 12th, 2015 - 07:35 am - Link - Report abuse 0
  • yankeeboy

    http://www.bubblear.com/size-matters-why-argentinas-blue-dollar-is-falling/

    For those of you who don't understand why I keep saying there's a sh#tstorm of inflation coming...read the link.

    The Kidiots are deliberately ruining the economy for the next Prez.
    If I were Macri I'd sit this one out...

    Apr 12th, 2015 - 01:49 pm - Link - Report abuse 0
  • Skip

    toooldtodieyoung

    I salute you.

    For according to our resident genius (albeit more than likely measured using the Argentinean education system) you managed to say..... and I quote.... “...that one language is worthless compared to another..”

    Without using any comparison words. Or actually mentioning another language.

    You are indeed amazing and I can see why Nostrils devoted so much time to such a genius.

    Now say more things without actually saying them.

    Apr 12th, 2015 - 02:13 pm - Link - Report abuse 0
  • Conqueror

    @5. Only when paid for!
    @7. Typical sub-human!
    @12. English is the world's first global language. The 'next' language is French. 12%. Want to figure where 'gibberish' comes? Third. If anyone feels kind. Mind you, Mandarin might be better. Would 'less worth' be better for you? Just to cater to your gibberoid tendencies.
    @14. 'Scofflaw'? Failing to appear as a potential witness to an alleged incident? But you're talking about argie 'law'. Do you accept English law, American law, Canadian law? Can we prosecute your animal 'veterans' for attempting to assault British citizens? For damaging British property. Can we prosecute innumerable argies for breaching international laws and the UN Charter? Can we indict the argie 'government' for its many provable lies? Can we take them and incarcerate them in somewhere like Wormwood Scrubs so that they can understand that they are criminals?

    Typical argie scum, thinking it always has to be right. What's your problem? History? Argie occupation of the Falkland Islands in the 19th century amounted to 5 illegal weeks. Compared to 142 YEARS of legal British presence. A legal presence that defeated spain. Followed by another 150 YEARS of legal British presence. And, in 1982, all that ended. Because 1982 marked the application of a different legal principle. Already confirmed by the International Court of Justice.

    Where's the argie war reparations? Let's call it £100 billion. Payment for mine clearance? Another £100 billion. 30 YEARS of harassment? £200 billion. 30 years of threats? £100 billion. Pay for 33 years of harm, bastard!

    Apr 12th, 2015 - 03:01 pm - Link - Report abuse 0
  • Ipa

    Cuanto odio hay en sus palabras dios le conceda el doble de sus deseos hacia mi país, estoy sorprendido por ustedes por sus malas respuestas en fin...
    Lo que ganaron es que nos les escribiré mas, aunque lo nieguen estamos en Sudamérica y si nacieron allí son latinos! Hasta la vista, estén en paz con ustedes y paz en las Islas Malvinas!

    Apr 12th, 2015 - 04:07 pm - Link - Report abuse 0
  • Troy Tempest

    @19 Ipa

    “The hatred is in their words God grant him double his desires for my country, I am surprised at you for your wrong answers in order ...
    What they won is that we will write more, though they deny are in South America and if they were born there are Latinos! Hasta la vista, be at peace with you and peace in the Falkland Islands!”

    Apr 12th, 2015 - 05:17 pm - Link - Report abuse 0
  • ChrisR

    @ 19 Ipa

    Why are you named after a beer? Were your mother and father (if you knew them) alcoholics?

    Usted está tan en el culo.

    Apr 12th, 2015 - 06:31 pm - Link - Report abuse 0
  • Briton

    19@

    four , LBW , runs,

    English, anything else, is just not Cricket...

    Apr 12th, 2015 - 07:04 pm - Link - Report abuse 0
  • Enrique Massot

    As you probably know, anybody can sue for almost anything. Not everybody gets a Thomas Griesa as judge.
    In the meantime, I will leave the results of the last opinion poll on voting intention:
    Peronist Party-Front for Victory (CFK): 36.6 per cent.
    PRO-Civic Radical Union--CC (Macri-Saenz): 29.9 per cent.
    Renew Front (Massa): 16.3 per cent.
    SurGen: 4.7 per cent.
    Left Front: 2.0 per cent.
    Undecided: 10.5 per cent.
    (Poll by Centro de Estudios de Opinión Pública, early April).

    Apr 12th, 2015 - 07:08 pm - Link - Report abuse 0
  • Everyone_needs_ResveratrolL

    @18

    Why don't you start by paying the 94 TRILLION you owe to Africans all over the world and you have been called to pay for?

    http://allafrica.com/stories/200605110311.html

    Apr 12th, 2015 - 07:31 pm - Link - Report abuse 0
  • Enrique Massot

    Further to 23:
    Argentines know outside interests will keep trying to milk the country for any shred of wealth that's available to their rapacity. Argentines are used to it. It has always happened.
    Only, most previous governments easily gave up, paid up what was asked and apologized on top of it. Of course, it was more productive for Argentine officials to associate with outside powers and then divvy up the bounty than dig their heels in defending the national interest.
    Argentines know the difference and that is why most of them keep supporting a different sort of government--a government that does not cave in to rapacious outsiders--such as the current one.

    Apr 12th, 2015 - 07:52 pm - Link - Report abuse 0
  • Skip

    Enrique

    Unfortunately history does not bear out your theories. If Argentina has been continually raped by outsiders, why have you not learnt?

    I mean honestly you have gone from a standard of living and wealth that exceed Australia and the the US on some measures to not even being in the same league.

    Rape that is so obvious and blatant and seemingly only afflicts Argentina. I mean, there is a long list of countries such as South Korea, Japan, Singapore, Taiwan, UAE, Portugal, Spain, Poland, Chile.... that seem to have easily evaded this from much weaker positions (economically, militarily and politically).

    But there is something unique with Argentinean society it would seem that it is the only country afflicted with this condition. The only country in the world that has consistently and thoroughly destroyed its own wealth over the past 70 years.

    If (as Nostrils' Argentinean education surmises) decline of all nations is inevitable, then why is it only afflicting ONE nation?

    The fact that you spend so much time worrying about a small set of islands off your coast instead of critically examining why your country is continually declining may be part of the answer.

    Apr 12th, 2015 - 10:31 pm - Link - Report abuse 0
  • yankeeboy

    26. I used to have the same arguments with Think and Toby. I concluded that Rgs are just not smart enough to adapt to the way the USA does business, they must sign bad contracts and somehow get screwed.

    Too bad for them.
    Stupid Rgs.
    They get exactly what they deserve.

    Anyhoo may the gods help them if another K get in office.
    The Tsunami of Sh*t is awaiting them right after the election.

    I will laugh and laugh
    Just like the idiotic Venezuelans standing in bread lines and dealing with 200% inflation.
    laugh and laugh

    Apr 13th, 2015 - 12:36 am - Link - Report abuse 0
  • Troy Tempest

    26 Skip

    Enrique seems to believe that only Argentina faced adversities like destructive communist/Socislist political activists in the 70's, then beset with a Military Dictatorship for years, before returning to a form of Democracy.

    Actually Chilé went through the same, and have done very well in comparison to Argentina!

    27 Yankeeboy,

    As much as I like it when you slap around the idiot Trolls, it is completely unacceptable to ridicule the ordinary families of Venzla who are going through a living hell of oppression, violence, and fear.

    It is something totally beyond their control now.

    One only hopes the Argentines see it and stop the vile rapacious Peronists and K's before that becomes their fate, too.

    Apr 13th, 2015 - 01:55 am - Link - Report abuse 0
  • Everyone_needs_ResveratrolL

    See, the bottom line is that the Anglos hate Argentina because we refuse to imitate or worship them. Therefore, they want Argentina to fail because if we did succeed by NOT imitating them it would then hurt their precious verves that a country that does not follow they divinely ordained Anglo-saxon way succeeds.

    That's what it really comes down to.

    Apr 13th, 2015 - 05:24 am - Link - Report abuse 0
  • Troy Tempest

    29 SNOTTY

    what it comes down to,

    is nobody cares - look after yourselves

    Apr 13th, 2015 - 06:45 am - Link - Report abuse 0
  • yankeeboy

    Troy, I don't believe there are any innocent parties when a population elects a leader multiple times and it fails due to their bad policies.
    If the population is too greedy, stupid or apathetic to allow consecutive bad governments they are all to blame.
    That's why I think they deserve to suffer obviously it is for them to learn so they don't make the mistakes again.

    Apr 13th, 2015 - 12:38 pm - Link - Report abuse 0
  • Everyone_needs_ResveratrolL

    @31

    Which is why you agree the New York/Washington/Pennsylvania attacks were not against “innocent” people. YOU elected those governments that for 50 years before went to the Middle East to screw over the population with dictators, oppression, and misery, all fine as long as you had oil.

    If the population was too greedy, stupid, or apathetic to allow consecutive bad governments in foreign policy they are all to blame.

    Hopefully you have learned, but I doubt it.

    Apr 13th, 2015 - 02:04 pm - Link - Report abuse 0
  • yankeeboy

    32. You're so envious of the USA it makes me laugh.
    Have you selling your garrafas to eat yet?
    I still haven't heard a thank you.
    but you're welcome anyway.

    Apr 13th, 2015 - 02:17 pm - Link - Report abuse 0
  • Everyone_needs_ResveratrolL

    Are the people a reflection of their government or no? I think you.

    You seem to do to... or does that apply only to “non-Anglos”.

    Anglos will be Anglos, do I have to say it again?

    Apr 13th, 2015 - 02:20 pm - Link - Report abuse 0
  • yankeeboy

    Rgs are racist and xenophobic.
    Its part of your nature
    like corruption, being dishonorable, greasy mullet wearing sleazebag.

    You can't help yourself.

    Apr 13th, 2015 - 02:50 pm - Link - Report abuse 0
  • Everyone_needs_ResveratrolL

    Anglos will be anglos. They prove me right every time.

    It's classical conditioning with them.

    Apr 13th, 2015 - 03:06 pm - Link - Report abuse 0
  • yankeeboy

    You're so envious it makes me giggle.

    Apr 13th, 2015 - 04:32 pm - Link - Report abuse 0
  • Troy Tempest

    31 YB

    “If the population is too greedy, stupid or apathetic to allow consecutive bad governments they are all to blame.”

    I understand your reasoning, but greedy, stupid, or duped by a gang of amoral crooks, it is a human tragedy on a huge scale, pro-admin voters, opposition voters, and non-voters alike.
    Not something to be enjoyed.

    I hope Maduro et al, get what they have coming to them, though.

    Apr 13th, 2015 - 06:45 pm - Link - Report abuse 0
  • Briton

    See, the bottom line is that the Anglos hate Argentina because we refuse to imitate or worship them

    Prove it,

    Our prime ministers have constantly told you and the world, that we are your friends,

    You on the other hand have done nothing but insult the British government,

    We give you aid money,
    You give us a bloody headache,

    You come to the UK and we give you a microphone to strut your stuff,

    And you start your bloody. Karaoke singing..

    Apr 13th, 2015 - 06:56 pm - Link - Report abuse 0
  • yankeeboy

    38. You'll never get sympathy out of me for them. It is horrible what they're going though but they had a chance to change it many times. There's more to being in the opposition than just voting. They should have burned the country to the ground Chavez was elected for a 2nd time. They didn't and this has gone on for more than a decade.
    They deserve exactly what's coming to them.
    Even Colombia is sending the scumbags back home.
    That's gotta hurt.

    Apr 13th, 2015 - 10:05 pm - Link - Report abuse 0
  • Enrique Massot

    26 Skip
    “If Argentina has been continually raped by outsiders, why have you not learnt?”
    In fact, Argentina did learn. That is why it elected Néstor and then Cristina.
    And because she was elected to represent the country (not the U.S., the U.K. or any other country) this is exactly what she's doing, which explains her high rates of approval just a few months before her second term's end.
    YB
    You are a hateful little person with a clouded mind, failing to grasp reality, bitterly complaining while the world keeps going forward indifferent to your petty, demeaning--and worst of all--inconsequential statements.

    Apr 14th, 2015 - 12:18 am - Link - Report abuse 0
  • Troy Tempest

    41 Enrique

    ”And because she was elected to represent the country (not the U.S., the U.K. or any other country) this is exactly what she's doing, which explains her high rates of approval just a few months before her second term's end.“

    Enrique,
    Her ”high approval rating“, if it really exists, is due to staged propaganda events and controlled news stories - Clarine is routinely discredited, officially.

    CFK is fighting for the ”recovery of the Malvinas“

    CFK is fighting the ”Vultures“ on behalf of the people.

    CFK is fighting to prevent the threat of ”miltarisation“
    of the South Atlantic

    CFK is fighting to ”safeguard the environment” of the Argentine Sea

    and on and on... the Nationalist message of fighting for the people, and fighting to save Argentina.

    None of it is true, Enrique.

    Very vocal at the OAS Summit, and the UN C-24, but it's all smoke and mirrors - no substance.

    Meanwhile, CFK and Timerman have sold you out to the Itanians and the Chinese.

    CFK will retire, a rich woman...

    Apr 14th, 2015 - 01:27 am - Link - Report abuse 0
  • yankeeboy

    Reekie, I think what you wrote about me is perfect to describe you. I think its freudian.
    I am only posting my opinions which are based on the 15 or so newspapers I read everyday and my strong belief in individual rights and the free market.

    Most likely your life has been a waste, you'll die without ever having achieved anything good to be left behind.
    Much like Think
    I am secure in the knowledge that I have done good in this world and I have another 25-30yrs before I even contemplate retirement so I have a great capacity to do even more.
    You're just a sad frustrated old commie that longs for the good ol' lefty terrorist days in a place you've not seen in 40yrs, a place where the dreams have died by being brought into reality.

    Apr 14th, 2015 - 12:26 pm - Link - Report abuse 0
  • Skip

    Enrique

    You have really low standards if you think Argnetina is currently doing well.

    Apr 14th, 2015 - 12:49 pm - Link - Report abuse 0
  • Troy Tempest

    Skip

    It is clear that he simply chooses to believe what the CFK Peronists tell the people.

    Apr 14th, 2015 - 03:27 pm - Link - Report abuse 0
  • Skip

    Yes I think it is amazing that Argentina managed to get raped by outsiders but a much weaker Australia didn't.

    I mean we have been for most our history, more remote from major powers and trade opportunities, less populated and less economically diverse. One of our neighbours was numerically stronger Muslim dictatorship. And we lost a large part of our manpower fighting in two world wars.

    And yet Argentina, without any of these problems, went from being richer and more powerful than us to not even in the same league.

    Apr 14th, 2015 - 10:51 pm - Link - Report abuse 0
  • yankeeboy

    Rgs think the stolen money from their corrupted Pols is somehow the fault of the USA/UK.
    There's a reason why it costs 7X more money and 5X longer (if ever) for infrastructure projects in Argentina compared to the USA.
    Bribes and lazy over paid workers.
    Everyone taking their cut
    and
    the people lose.

    Apr 15th, 2015 - 12:28 am - Link - Report abuse 0

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