YPF will fight back legal claim seeking US$ 500 million for rescinding contracts

Saturday, April 30th 2016 - 11:45 UTC

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Argentina's state-run energy company YPF said this week it will fight a legal claim seek more than US$500 million in damages for rescinding natural gas export contracts in 2009. “YPF shall use all its legal resources to defend its interests and those of its shareholders,” the company said in a filing with the Buenos Aires Stock Exchange. Read full article

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chronic
Here's the rg we all know and love. Thumbing its nose at the rule of law.
Apr 30th, 2016 - 01:29 pm - Link - Report abuse 0
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Marti Llazo
In Argenzuela, it's business as usual: refuse to honour contract obligations, and refuse to pay for the damages. This is how the Argenzuela of Today is “joining the world” and inviting foreign investment.

And now YPF assets in other countries will be subject to seizure to pay the judgment.

Nothing has changed.
May 01st, 2016 - 03:05 pm - Link - Report abuse 0
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