US judge orders Argentina to transfer YPF shares to help satisfy $16.1 billion judgment

Reuters

Jul 01, 2025

NEW YORK, June 30 (Reuters) - A U.S. judge on Monday ordered Argentina to give up its 51% stake in oil and gas company YPF YPFDm.BA, to partially satisfy a $16.1 billion court judgment against the cash-strapped country.

U.S. District Judge Loretta Preska in Manhattan said Argentina must transfer its YPF shares within 14 days to a BNY Mellon custody account, and instruct that bank to transfer the shares within one business day to the plaintiffs.

Argentina has been appealing Preska's September 2023 decision to award the $16.1 billion to Petersen Energia Inversora and Eton Park Capital Management, which are represented by litigation funder Burford Capital BURF.L.

(Reporting by Jonathan Stempel in New YorkEditing by Mark Potter)

((jon.stempel@thomsonreuters.com; +1 646 223 6317; Reuters Messaging: jon.stempel.thomsonreuters.com@reuters.net/))

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