Ever-rising legal costs and the inherent uncertainty of commercial litigation and arbitration create problems for companies that Burford helps solve.
Burford is a New York legal firm that specializes in commercial litigation, assuming the risks and costs of the process. It appears that they have bought for 15 million USD the rights of Petersen (Esquenazi fly.) in YPF, which in an unthinking moment had been expropriated by the Kirchner Peronist Government. After fighting for a decade, a New York judge has established that the minimum indemnity must be 5,000 million USD, that is - Burford will profit 20,000%. Burford is demanding 16,000 million dollars, which is more than YPF is worth today. Pic: David Perla, the inventor of this scheme.
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