US appeals court overturns $16bn Argentina ruling in blow to Burford Capital

TL;DR

Argentina Rating Upgrade Hinges on Reserve Buildup, Fitch Says Argentina Gets $16 Billion US Judgment Tossed on Appeal NEW YORK, March 27 (Reuters) - A U.S. appeals court on Friday struck down a $16.1 billion judgment against Argentina for seizing control of state-owned oil company YPF in 2012, a victory for Argentine President Javier Milei as he tries to stabilize the country's long-strained economy. The decision was issued by the 2nd U.S.