Judge Loretta Preska of the Southern District of New York has denied Argentina's motion to obtain a stay on enforcement in the case involving the nationalization of the state-run energy company YPF. The decision allows Burford Capital to begin enforcement against Argentina and seize assets starting January 10th, 2024. Argentina's presidential spokesman Manuel Adorni acknowledged the $16.2 billion court judgment, while Burford Capital is owed $6.2+ billion. Argentina's President Javier Milei has expressed his intention to pay Burford Capital, considering issuing a perpetual bond to address the lawsuit award. The country's recent economic management under former Minister of Economy Marxel Kicillof and Cristina Kirchner has resulted in an accumulation of $2 billion USD in reserves over 8 business days, with the YPF payment due soon.
Argentina’s President Javier Milei is considering issuing a perpetual bond to pay a $16 billion lawsuit award to Burford Capital stemming from the nationalization of state-run energy company YPF https://t.co/u3Yq9LNFwY
Argentina’s President Javier Milei is considering issuing a perpetual bond to pay a $16 billion lawsuit award to Burford Capital stemming from the nationalization of state-run energy company YPF https://t.co/Cc0kXbMR8D
Argentina’s President Javier Milei is considering issuing a perpetual bond to pay a $16 billion lawsuit award to Burford Capital stemming from the nationalization of state-run energy company YPF https://t.co/lhvTn9RZPY
In an interview this evening, Javier Milei commented on the $YPF judgment. It is clear that he intends to pay Burford Capital. This is very bullish for $BUR shareholders. Here is a transcript from the interview: (Milei) "As of January 10, we will have to start paying the 16… https://t.co/xXco8sySIF
In an interview this evening, Javier Milei commented on the $YPF judgment. It is very clear that he intends to pay Burford Capital. This is very bullish for $BUR shareholders. Here is a transcript from the interview: (Milei) "As of January 10, we will have to start paying the… https://t.co/xXco8sySIF
In an interview this evening, Javier Milei commented on the $YPF judgment. It is very clear that he intends to pay Burford Capital. This is very bullish for $BUR shareholders. Here is a transcript from the interview: (Milei) As of January 10, we will have to start paying the… https://t.co/xXco8sySIF
Another good article discussing the comments made yesterday by Argentina's Presidential spokesperson Manuel Adorni about the $YPF case and the $6.2+ billion owed to $BUR. This is highly encouraging for Burford Capital shareholders and clearly indicates that the Milei…
Another good article out today discussing the comments made yesterday by Argentina's Presidential spokesperson Manuel Adorni about the $YPF case and the $6.2+ billion owed to $BUR. This is highly encouraging for Burford Capital shareholders and clearly indicates that the…
In 8 business days, Argentina accumulated $2 billion USD in reserves. The $16 billion YPF payment is due on Jan 10th. We have the wonderful admin of former Minister of Economy Marxel Kicillof to thank for that (in charge of the expropriation together with Cristina Kirchner). https://t.co/UsMA8iF7ng
Here is another very positive development for Burford Capital $BUR shareholders. Today at a press conference, Argentina's presidential spokesman Manuel Adorni was directly asked about the $16.2 billion court judgment handed down by Judge Preska for the nationalization of $YPF.…
Today, Judge Loretta Preska of the Southern District of New York denied Argentina's motion to obtain a stay on enforcement in the $YPF case. $BUR will be able to begin enforcement against Argentina and seize assets on January 10th 2024. Today's ruling is highly favorable for… https://t.co/txnimHEmkV
Today, Judge Loretta Preska of the Southern District of New York denied Argentina's motion to obtain a stay on enforcement in the $YPF case. Burford Capital will be able to begin enforcement against Argentina and seize assets on January 10th 2024. Today's ruling is highly… https://t.co/x0lsbd9VWH