\t\t\t \t\t\t\t\t \t\t\t\t\t Lawyers representing Argentina in the YPF expropriation case in New York have said a request by UK-based hedge fund Burford Capital \u2014 the plaintiffs \u2014 to hold the country in contempt, constitutes \u201cprocedural harassment.\u201d<\/p>\n
Burford\u2019s legal team made the formal request to Judge Loretta Preska on Thursday.<\/p>\n
The claim is linked to the case\u2019s discovery process, where an order dated July 29, 2025, requires Argentina to hand over emails and messages from current and former government officials.\u00a0<\/p>\n
The plaintiffs argue that some Argentine officials did not hand in all the requested documentation and that this justifies sanctions.<\/p>\n
In response, the Office of the Attorney General of the Argentine Treasury issued a statement saying the motion represents \u201cthe most recent attempt by litigation financier Burford Capital to harass the Republic through intrusive and disproportionate discovery requests.\u201d and insisted it\u2019s \u201c\u2018a tool to put sand in the gears\u2019 of Argentina\u2019s economic recovery, as its CEO pointed out.\u201d<\/p>\n
It added that Argentina handed over \u201cmore than 113,000 pages of documents\u201d and \u201cthe testimony of various Argentine government officials.\u201d\u00a0\u00a0<\/p>\n
It also claimed these \u201cnew attacks\u201d have to do with \u201crecent advances made by Argentina in the judicial sphere, which have weakened Burford\u2019s procedural position.\u201d<\/p>\n
The comments, however, do not constitute an official response. Argentina will have to formally address the complaint on February 19, while the plaintiffs\u2019 presentation is scheduled for\u00a0 March 5.\u00a0<\/p>\n
Judge Preska will decide whether to declare Argentina in contempt at the hearings scheduled for March 23 and 24.<\/p>\n
The YPF case For more than a decade, Argentina has been involved in a legal battle over the expropriation of its state oil company, YPF.<\/p>\n
The case dates back to 2012, when Argentina\u2019s Congress expropriated 51% of YPF shares from Spanish multinational Repsol, which was the majority shareholder at the time, giving the state majority control of the company.<\/p>\n
In 2015, UK-based hedge fund Burford Capital sued Argentina in the District Court for the Southern District of New York after buying the right to litigate in the name of Petersen Energia Inversora and Petersen Energ\u00eda, two companies belonging to the local Ezkenazi family, which owned part of the remaining shares.\u00a0<\/p>\n
In 2023, Judge Preska ruled that the country had breached its contract and ordered it to pay US$16.1 billion, a judgement Argentina\u2019s lawyers appealed before the U.S. Court of Appeals.<\/p>\n","protected":false},"excerpt":{"rendered":"
Lawyers representing Argentina in the YPF expropriation case in New York have said a request by UK-based hedge fund Burford Capital \u2014 the plaintiffs \u2014 to hold the country in contempt, constitutes \u201cprocedural harassment.\u201d Burford\u2019s legal team made the formal request to Judge Loretta Preska on Thursday. The claim is linked to the case\u2019s discovery […]<\/p>\n","protected":false},"author":10,"featured_media":26682,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7914,414,42,673,7915,1913],"tags":[7912,595,96,1475,7913,1911],"class_list":["post-26681","post","type-post","status-publish","format-standard","has-post-thumbnail","category-burford-capital","category-business","category-economics","category-energy","category-judge-loretta-preska","category-ypf-expropriation-case","tag-burford-capital","tag-business","tag-economics","tag-energy","tag-judge-loretta-preska","tag-ypf-expropriation-case"],"_links":{"self":[{"href":"https:\/\/service.codeus.ca\/index.php\/wp-json\/wp\/v2\/posts\/26681","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/service.codeus.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/service.codeus.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/service.codeus.ca\/index.php\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/service.codeus.ca\/index.php\/wp-json\/wp\/v2\/comments?post=26681"}],"version-history":[{"count":0,"href":"https:\/\/service.codeus.ca\/index.php\/wp-json\/wp\/v2\/posts\/26681\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/service.codeus.ca\/index.php\/wp-json\/wp\/v2\/media\/26682"}],"wp:attachment":[{"href":"https:\/\/service.codeus.ca\/index.php\/wp-json\/wp\/v2\/media?parent=26681"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/service.codeus.ca\/index.php\/wp-json\/wp\/v2\/categories?post=26681"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/service.codeus.ca\/index.php\/wp-json\/wp\/v2\/tags?post=26681"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}