A U.S. appeals court has granted Argentina's request to put a temporary hold on a judge's order that mandated the turnover of its 51% stake in YPF. This decision provides a reprieve in the ongoing legal battle concerning a $16.1 billion judgment won by two investors.
The temporary hold means that the immediate transfer of YPF's Class D shares, which represent the Argentine state's controlling interest, will not proceed as previously ordered. This development offers a period of stability for YPF regarding its ownership structure.
This ruling is a significant update to the legal proceedings, alleviating the immediate pressure on Argentina to divest its stake. The temporary halt allows for further legal arguments and potentially a more prolonged resolution to the complex ownership dispute.
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.