Loretta Preska is the same judge that ruled against the country in the YPF expropriation case

The financial firm had asked for the country’s equity stake as partial payment for the US$16.1 billion trial over the company’s expropriation

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

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

U.S. Judge Loretta Preska had ordered Argentina to pledge its shares in the oil company to postpone a December 5 deadline, which it has requested be changed to January 10

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

Depending on how the calculation is made, Argentina will be made to pay between US$16 billion and US$4.9 billion

Judge Loretta Preska has determined that Argentina should have made a tender offer to minority shareholders.