The U.S. Court of Appeals for the Second Circuit in New York overturned a lower court’s ruling in the prolonged trial over the expropriation of the state-owned oil company YPF. 

Argentina is, for the time being, exempt from paying a sum exceeding $16.1 billion. 

Furthermore, the court confirmed that the company was correctly exonerated of any liability during the nationalization process carried out in 2012 by the government of Cristina Fernández de Kirchner..

In 2023, Judge Loretta Preska ruled that the country had breached its contract........

© Buenos Aires Herald