Wednesday, July 30, 2025

Seizing assets from Argentina

 Judge Loretta Preska ordered a series of resolutions to uncover information from the trial regarding the nationalization of 51% of YPF and the method of seizing assets from Argentina and its public companies. 

Argentina owes Burford Capital, beneficiary of a ruling for US$16.1 billion plus interest accruing at a rate of US$2.5 million per day starting from September 2023.

Preska ordered Argentina to send information about the assets of the Central Bank (BCRA), Banco Nación, Aerolíneas Argentinas aircraft, Energía Argentina S.A. (Enarsa, owner of the Vaca Muerta gas pipeline, 26% of Transener, and major thermoelectric power plants), and YPF itself.

I am shocked by Argentina, a country with 45 million inhabitants, seemingly incapable of governing or defending itself.  


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