While the Argentine Government is betting on delaying the trial process for the nationalization of YPF, where it already has a
judgment against it for 16,000 million dollars
, each day in which it does not pay has a cost of
US$2.5 million in compensation. interests.
This was reported by specialist Sebastián Maril, regional director of Latam Advisors, on his Twitter account.
Since September 2023, the moment in which the ruling of New York judge Loretta Preska was issued, which condemned Argentina to pay the maximum possible to the
Burford Capital
fund - owner of the rights to the Petersen and Eton Park companies -,
the interests They accumulated some 414 million dollars.
To accelerate the situation, Preska summoned the representatives of Argentina and the beneficiaries of the expropriation case to a telephone hearing to be held on March 18, in order to
unblock the "Discovery" process
of seizable assets. of the State.
The Burford law firm, which
bought the litigation rights
after the bankruptcy of the Petersen companies, of the Eskenazi family, put on a list of alleged
seizable
assets the
YPF shares in the hands of the State,
the concessions for natural resources, the airplanes of
Aerolíneas Argentinas
, assets of
Arsat,
Energía Argentina (Enarsa),
Banco Nación
and even
the swap with China
.
The plaintiff lawyers also want to know every movement of money from the Central Bank (BCRA) abroad.
That aspiration is to have a guarantee in case the State continues without paying.
The National Treasury Attorney, in charge of the country's defense, had argued in February that the United States
cannot have interference in ruling on Argentine laws
, due to events that occurred in Argentine territory with Argentine companies.
Argentina appealed the ruling against it and is now betting on the "brotherhood" of Latin American countries.
In that sense, Brazil, Uruguay, Chile and Ecuador presented themselves as "amicus curiae" to defend the sovereign argument: that the decisions of states cannot be judicialized in foreign courts.
In 2012, the country expropriated 51% of YPF shares from Repsol and the rest of the shareholders, when according to the oil company's statute it should have made a Public Acquisition Offer (OPA).
For this reason, Repsol collected almost US$ 9 billion between capital and interest during the following years, while Petersen Energía and Petersen Energía Inversora declared bankruptcy in Spain, after not being able to pay the loans to the international banks that financed the entry. from the Eskenazi to YPF in 2008.
The "experts in regulated markets" came from the hand of Néstor Kirchner as an "Argentinization" on the part of the oil company and paid for the purchase with the profits that they were withdrawing year after year, money that they did not reinvest in the company and led to In 2011, Argentina entered into an energy trade deficit, one of the main reasons for the establishment of the dollar stocks.