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…
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