2023-09-15 13:34:00
After the harsh ruling by Judge Loretta Preska, in favor of the fund Burford Capital, Argentina began negotiating to try to reduce the economic damages from the expropriation of YPF. And in the last hours, he proposed paying US$15.1 billion.
This number represents one billion less than the US$16 billion that is part of the recent ruling by the attorney for the Southern District of New York, who applied the maximum expected amount.
The country had to appear to, together with the plaintiffs, draft the ruling so that it would not become final with a refusal to negotiate; If this had been the case, the risk was assumed that the previously assigned floor might be even higher.
In this sense, the Buford Capital fund had denounced that the country did not want to sit down and talk with them. Something that, as revealed by Sebastián Maril, CEO of Latam Advisor and one of the people who followed the litigation in more detail, Argentina rejected in the last hours.
“On Wednesday, the plaintiffs presented a document with their number, $16.1 billion, and in that document they stated that Argentina was refusing to join. This was denied in the recent proposal. They said they wanted to participate in the drafting of the document and presented this proposal “, he stated, in dialogue with PERFIL.
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