A US district judge has ordered Argentina to transfer its controlling stake in state-run energy company YPF to former shareholders, escalating pressure on the country to pay a $16bn judgment stemming from its 2012 nationalisation of the group. Judge Loretta Preska of the Southern District of New York on Monday gave Argentina 14 days to transfer its shares to a global custody account at BNY as partial payment for the judgment, which was a record sum for the court at the time of Preska’s original 2023 ruling. The plaintiffs are largely financed by litigation funder Burford Capital, whose New York-listed shares rose more than 20 per cent after Monday’s decision.

Argentina’s lawyers had argued that the principle of international comity — the respect one country gives to another’s legal and government decisions — required Preska to reject the plaintiffs’ request. Rejecting that argument, Preska wrote: “While the Republic demands that this court extend comity, it simultaneously refuses to make any effort to honour the court’s unstayed judgment... Comity is not a one-way street.” Sebastian Soler, a former assistant attorney-general in the previous left-leaning Peronist government, called Preska’s decision “unprecedented” and pointed out that Argentine law “bans the government from transferring the expropriated shares without previous approval from congress.”
https://archive.is/kqc2h

>>509189163 (OP)
always was
why do you think there is suddenly billion dollar lawsuits against Monsanto once a german company bought it

District judge…? Isn’t that a low office?

>>509189515
No one has realized, you can just ignore them. They literally can't do shit.

>>509189515
No. Federal Districts are relatively inportant and the judges are nominated by the president and confirmed hy the senate.

>>509189163 (OP)
>transfer its controlling stake in state-run energy company YPF to former shareholders
$20 bucks says the us govt is a (((former shareholder)))

>>509189515
middling office, extremely insane overreach

>>509189163 (OP)
America has become Fallout america. stealing other people's oil is 100% similar of what an Enclave would do

>>509189967
We also burn wastelanders alive fairly often. An AI president would be a huge step up for us, though.

>>509189694
What differentiates a district judge from other judges in legal powers? Are they responsible for managing the judiciary within a certain portion of the country?

>>509189163 (OP)
Nuh uh uh, not gonna listen to jewdicial system

>>509189967
>whoa, this country almost resembles the franchise lore made in satire of this country!
gee, you don't say. you must be some kind of intellectual.

>>509190598
just wait until we assblast your country with buttrock from 50ft speakers on a ships deck