Overview
- - The Second Circuit in New York overturned the lower court’s finding as to YPF and said the company has no civil liability in the 2012 takeover dispute.
- - The ruling blocks attempts to seize YPF assets to cover the award sought by investors who claimed Argentina skipped a required tender offer to minority shareholders.
- - President Javier Milei met at the Casa Rosada with Sullivan & Cromwell partners Robert Giuffra Jr. and Sergio Galvis, who led Argentina’s defense, to review next legal steps.
- - Legal teams are weighing whether claimants seek U.S. Supreme Court review, after a 2023 ruling by Judge Loretta Preska found the Argentine state liable for about $16 billion, later cited near $18 billion with interest, but left YPF itself untouched.
- - Analysts and editorial coverage highlight YPF’s central role in Vaca Muerta and future energy exports, suggesting the reduced legal risk could make investment easier and steady operations for workers and suppliers.