Burford Capital Limited announced on July 1, 2025, two significant developments impacting its business. The US Senate Parliamentarian ruled that proposed tax provisions related to litigation finance were not eligible for inclusion in the budget reconciliation bill, leading to their removal. The bill was subsequently adopted by the Senate without these provisions.
In a separate but equally impactful development, the U.S. District Court for the Southern District of New York ordered Argentina to transfer its Class D shares of YPF, representing approximately 51% of YPF's outstanding shares, to a global custody account. This transfer is to occur within 14 days, with instructions for Bank of New York Mellon to then transfer the shares to Petersen and Eton Park within one business day.
Burford views the court order as a positive step in the ongoing enforcement campaign against the Argentine Republic, despite acknowledging the possibility of further judicial proceedings. The removal of the litigation finance tax provisions eliminates a potential regulatory headwind for Burford's core business.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.