MercoPress. South Atlantic News Agency

New York court overturns $16 billion ruling against Argentina in YPF expropriation case

The U.S. Court of Appeals for the Second Circuit in New York overturned on Thursday the ruling that required Argentina to pay over $16 billion in compensation to minority shareholders of YPF for the 2012 expropriation of the oil company. The decision, issued with one dissenting vote, represents Argentina's largest judicial victory abroad in over a decade of litigation. Read full article