US court orders Argentina to pay $16 billion over oil firm takeover ...News

The ruling wraps up a years-long legal battle waged by former YPF investors backed by the world’s largest litigation finance provider A US federal judge has entered a $16 billion judgment in favor of former shareholders of energy company YPF, who were backed by Burford Capital, in a case against the government of Argentina.    The dispute, arising from the country’s takeover of a majority stake in the oil and gas company in 2012, ended in defeat for the Argentine government, which has been ordered to pay $8.4 billion in damages and $7.6 billion in interest to two defunct investors in YPF, Petersen and Eton Park. 

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