Argentina Gets Good Signs in Appeal of $16 Billion US Award (1)

The government of Argentine President Javier Milei got reason to hope that its recent political and economic victories would continue in the legal arena when US appeals judges signaled openness to overturning a $16 billion court judgment against the South American nation.

During oral arguments on Argentina’s appeal, two of the three judges asked skeptical questions about whether the US District Court case that resulted in the massive award, which interest has now swelled to $18 billion, should have proceeded there. The suit was filed by former shareholders affected by the nationalization of Argentine oil company YPF SA in 2012. ...