2024-01-08 16:31:00
The government of Javier Miley This Monday, he presented a brief before the United States Justice requesting that don’t recognize next wednesday as deadline to present guarantees and, in this way, avoid embargoes.
Did through a letterwritten through the study Sullivan & Cromwell LLPfirm that represents Argentina in the YPF Case, sent to Judge Loretta Preska.
As detailed Sebastian MarilCEO of Latam Advisor and one of the people who follows the litigation in more detail, in which the National State supported the request with the argument that “the beneficiaries of the ruling have not yet identified assets to seize” on North American soil and, therefore, “There is no need to set a specific date.”
It is worth highlighting in this regard that, in dialogue with PERFIL, he had highlighted that this group of companies “they have equipment who carry out work of ‘Recovery‘ experts in finding assets“, something that, according to the National Government, they would not have succeeded at the moment.
What would I go into? ‘inside the bag’ In the event of finally not complying with said commitment, he assured that “Everything owned by the State can be seized”.
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“I do not rule out that any agreement tradesl, such as gas export, which generates royalties in dollarscan be embargoed. Patents, Aerolíneas Argentinas airplanes that are property of the company, among others. It’s not that they seize you the next day, but it is an order that can be executed,” he said.
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The decision by the New York judge It will not last longer than this Tuesday followingnoonwhether maintaining what is established, with Wednesday as the last day to provide guarantees prior to possible embargo requests by the vulture fund Burford Capital (which bought the right to litigate from the Petersen Group: Petersen Energía Inversora and Petersen Energía, Argentine companies that owned shares for 25% of the securities), or its extension.
The latter It had already been rejected by the lawyer at the end of Decemberalso at the request of the cabinet of Freedom Advances a few hours following assuming control of the Executive Branch, which forces, for the moment, the country to provide guarantees for the payment of some US$16,000 million in the next few hours.
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Said amount is the fixedfollowing “proposed judgment” drafted by the parties, as “consequence” of the “economic damages” related with the nationalization of 51% of the shares of the company during Cristina Kirchner’s mandate, to the Spanish Repsol.
However, in this economic context, with the Central Bank in the redMaril stressed that the endorsements “must be approved by the National Congress”which today, in the middle of the extraordinary sessions, has the Omnibus Law project and DNU 70/2023 as the main topics of debate.
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