Reported 18 days ago
The U.S. government has sided with Argentina in its legal battle against a $16.1 billion judgment related to the YPF oil and gas company. In a recent filing, the Department of Justice urged a federal judge not to compel Argentina to relinquish its majority stake in YPF, emphasizing that U.S. courts should not seize foreign sovereign property. Argentina is appealing a court ruling that awarded the judgment to Petersen Energia and Eton Park Capital Management, and the decision may impact Argentina's ongoing economic challenges, including soaring inflation.
Source: YAHOO