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Stock impact report

US appeals court pauses investors' efforts to trace Argentine assets in YPF case [Yahoo! Finance]

Burford Capital Limited Ordinary Shares (BUR) 
US:NASDAQ Investor Relations: burcon.ca/investors/corporate_factsheet.php
Company Research Source: Yahoo! Finance
order to collect on a $16 billion judgment in a case about the 2012 nationalization of the South American country's largest energy company Investors will not be able to move forward with the effort until appeals are resolved in the long-running case, in which U.S. District Judge Loretta Preska ordered Argentina to compensate investors for the seizure of a majority share in YPF Energy. In a ruling obtained by The Associated Press, the U.S. Court of Appeals for the Second Circuit in New York halted attempts by former shareholders Petersen Energía and Petersen Energía Inversora — backed by litigation funder Burford Capital — to obtain evidence on the location of Argentine assets in the United States, including reserves such as gold bars held by the central bank. Argentine President Javier Milei described the decision on Wednesday as a “historic” and “unprecedented” move in Argentina's favor in the YPF case. “This decision represents a historic milestone in the defense of the Arge Show less Read more
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