The government of Argentine President Javier Milei is hoping that its run of recent political and economic successes will extend to a Manhattan courtroom, as it seeks to overturn a US$16-billion judgment handed down by a United States court against the nation.
Lawyers representing Argentina will on Wednesday present oral arguments in the country’s appeal against a 2023 ruling by a New York federal judge, who awarded former shareholders in oil company YPF SA compensation for losses stemming from its nationalisation more than a decade earlier. For years, the litigation – much like an earlier dispute over Argentina’s sovereign debt – appeared to symbolise the country’s perceived hostility towards foreign investment.
However, former US President Donald Trump’s rapport with Milei – and a resulting US$20-billion credit line from the US Treasury – have improved Argentina’s standi
Continue Reading on Buenos Aires Times
This preview shows approximately 15% of the article. Read the full story on the publisher's website to support quality journalism.