A Argentina asked one judge of It isof the Uniof those who do not perform a conviction of 16.1 billions of dollars incurrent of the confiscation by the North American government, in 2012, of control of the oil company YPF, while the Latin American country, what faces a financial crisis, appeals the sentence.
In the request presented on the night in Thursday (26) at the District Court from the USA in Manhattan, the Argentina stated what the execution of the sentence, or the requirement of what the country inpost financial guarantees, would harm a nation what It is already suffering from severe inflation and drought.
The defense of the second largest country in South America pointed out that such a sentence would take the equivalent of almost 20% in its budget, which would make it more difficult to stabilize the Argentine peso and reduce its debt in 235 billions of dollars.
He also argued what execution would cause “serious difficultiesins” for your most in 45 million in inhabitants, making it more difficult to supply in energy, healthintransportation, water and sewage and other basic services.
The sentence was the result of insplit of Argentina from confiscate in April in 2012, a participation in 51% of YPF intaken by the Spanish Repsol, claiming what an underinvestment justified the acquisition, without making an offer for the shares inheld by minority investors.
Two investors, Petersen Energia and Eton Park Capital Management, filed the lawsuit and, last month, the judge district from the USA Loretta Preska conceinu them 16.1 billions of dollars in ininnization, including interest.
Burford Capital, what financed the litigation and, in According to court documents, he was entitled to 70% and 75% of theinnizations of Petersen and Eton Park, consiinrou a insplit in Preska a “complete victory”.
A Argentina had argued what no inwould pay more than what 4.92 billions of dollars. Repsol ended up receiving an ininnization in fence in 5 billions of dollars.
Advocatesof the from Petersen and Eton Park did not respondinI immediately askedof comments this Friday (27).
Preska indecide whether to suspendin the execution of the sentence while the Argentina appeal to the 2nd Court in Circuit Appeals from the USAin Manhattan.
The country is facing inflation in more in 100% per year, scarce foreign exchange reserves and increasing poverty.
Next month, there will be a second round in the presidential electionsinmeetings between Sergio Massa, Minister of Economy of the Peronist coalition in centro-eswhatrda, and Javier Milei, libertarian economist in far right.
The first place in Mass in general elections in Sunday (22) was a surprise. Milei cameindoing a lot of research in opinion.
Source: CNN Brasil
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