District Court Orders Argentina to Transfer Shares to Satisfy Judgments
On June 30, 2025, Judge Loretta A. Preska (Southern District of New York) issued orders in two cases, directing Argentina to transfer shares in YPF S.A., a state-owned energy company, to a New York bank to satisfy two judgments. Bainbridge Fund Ltd. v. Republic of Argentina arose from Argentina’s default on certain bonds in 2001,…
Continue ReadingDOJ Argues Against Turnover of Argentina’s Assets
On November 6, 2024, the U.S. Attorney for the Southern District of New York sent a letter to Judge Loretta A. Preska arguing against turnover of Argentina’s interests in YPF S.A., a state-owned energy company, to satisfy a breach of contract judgment. The $16.1 billion judgment in Petersen Energia Inversora, S.A.U. v. Argentine Republic arose…
Continue ReadingNew Scholarship on the Argentinian Sovereign Debt Litigation
For more than a decade in the early 00s, Argentina’s $100 billion sovereign debt default dominated the transnational litigation news headlines – and, indeed, global financial news. Hundreds of cases were filed against Argentina in U.S. courts with long-term implications for foreign sovereign immunity and foreign direct investment.   Many of those cases were consolidated before…
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