(Energy Analytics Institute, Aaron Simonsky, 24.Jun.2019) — The U.S. Supreme Court of Justice dealt another blow to the strategy of the government of Argentina’s President Mauricio Macri when it deactivated the multi million-dollar demand from Burford Capital for the nationalization of YPF; thus, giving a definite green light for the trial to continue in New York.
Today, the U.S. Supreme Court announced that it declined a request from Argentina regarding the lawsuit related to the nationalization of oil company YPF. The decision is consistent with previous rulings from the US courts, which were unfavorable for the country, reported online media La Nación.
Months of judicial presentations, diplomatic efforts, trips to Washington and New York, and the design of a polished judicial strategy were innocuous to convince the U.S. Justice, which at every opportunity has validated the arguments presented by the Burford Capital, which has raised one of the main lawsuits against Argentina and valued by Argentine lawyers at around $3 billion.
© Energy Analytics Institute (EAI)