The hedge fund is reportedly seeking to force an out-of-court negotiation in the US$16.1 billion lawsuit

The New York judge declared the case closed and the lawsuits void. Plaintiffs have 30 days to appeal

The case’s first major filing since Milei took power argued that the plaintiff’s claim ‘never should have seen the inside of a New York courtroom’

U.S. Judge Loretta Preska rejected Argentina’s arguments as the new administration said there is ‘willingness to pay’ in the US$16.1 billion judgment

Judge Preska said Argentina should pledge ‘alternative assets’ — its equity interest in YPF and Paraguay’s payment for the Yacyretá dam

U.S. Judge Loretta Preska ruled that Argentina must pay US$16.1 billion to litigators but had acquitted YPF in March

Burford requested Judge Loretta Preska to seize Argentine assets starting in October 15, which the country appealed on Tuesday

‘Argentina’s refusal to pay judgments is well documented and widely recognized,’ said Burford

The shares of YPF and other Argentine companies dropped immediately after Friday’s ruling