The U.S. government sided with Argentina in urging a federal judge not to force the cash-strapped country to give up its 51% stake in oil and gas company YPF to partially satisfy a $16.1 billion court judgment.Argentina is appealing Preska’s September 2023 decision to award the $16.1 billion to Petersen Energia Inversora and Eton Park Capital Management.
November 7, 2024
SOURCE: YAHOO FINANCE
US sides with Argentina in dispute over $16 billion YPF judgment