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0 0 0 0 -0.000720461095100849 -0.00360230547550437 0.0014409221902017 0.00504322766570607
Stock impact report

U.S. judge tells Argentina it has to turn over its 51% stake in its state oil company to pay $16 billion judgement [Fortune]

Burford Capital Limited Ordinary Shares (BUR) 
US:NASDAQ Investor Relations: burcon.ca/investors/corporate_factsheet.php
Company Research Source: Fortune
51% controlling stake in YPF in partial compensation for seizing the shares of former investors during its 2012 nationalization of the energy group. The ruling — a dramatic effort to enforce a $16 billion U.S. court judgement against Argentina — presents a new headache for libertarian President Javier Milei, the ideological foil for left-wing former President Cristina Fernández de Kirchner who oversaw Argentina's contentious takeover of YPF and ensuing legal battles during her tenure (2007-2015). Milei vowed to appeal the ruling. Fernández's abrupt move to seize control of YPF at the time helped bring serial defaulter Argentina further infamy for abandoning its global financial obligations. Milei inherited an economy in shambles after decades of reckless state spending and campaigned on pledges to privatize state companies In granting the request of former shareholders largely represented by Burford Capital, which finances litigation in return for a share of the winnings, Judge Show less Read more
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