Tag: Loretta Preska

• Tuesday, October 20th 2026 - 09:52 UTC

  Argentina awaits the Supreme Court after the YPF case is closed at first instance

  

  New York federal judge Loretta Preska has vacated her 2023 judgment ordering Argentina to pay more than US$16 billion over the expropriation of oil company YPF and formally closed the case at first instance. Its future now depends on whether the US Supreme Court agrees to review it, as litigation funder Burford Capital requested in early October.

• Saturday, August 16th 2025 - 10:55 UTC

  YPF case: NY Court of Appeals rules in favor of Argentina

  

  The Second Circuit Court of Appeals in New York has suspended a lower court's order that required Argentina to transfer 51% of its shares of the state oil company YPF to a New York bank. This overruling of Judge Loretta Preska's Sept. 2023 order is a significant win for Buenos Aires, as it allows the South American country to appeal the $16 billion judgment without having to surrender a key state asset