A U.S. appeals court on August 15, 2025, granted Argentina's request to maintain a temporary hold on a judge's order to turn over its 51% stake in oil and gas company YPF. This decision keeps the enforcement of the $16.1 billion judgment against Argentina on hold while the country pursues its appeal.
The 2nd U.S. Circuit Court of Appeals in Manhattan issued a brief order staying U.S. District Judge Loretta Preska's June 30 turnover order. This provides a reprieve for Argentina's government, which had warned of irreparable harm and economic instability if it were forced to relinquish its YPF stake.
The continued hold means that the process for Burford Capital to realize its approximately 40% entitlement from the YPF-related assets remains delayed. The resolution of this significant legal matter will now depend on the outcome of Argentina's appeal.
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