Argentina's government seeks Supreme Court action to block YPF share transfer

The Argentine government is considering asking the Supreme Court to block a ruling ordering the transfer of YPF shares. This action aims to prevent the execution of the court order. The government is evaluating a "declarative action of certainty" to prevent the transfer of 51% of YPF shares to Burford Capital, as ordered by Judge Loretta Preska. This legal mechanism could allow the Supreme Court to intervene, citing a 2012 law requiring congressional approval for such transfers. This move comes amid concerns over the ruling's impact on Argentina's sovereignty and potential asset seizures. The government is also exploring legal strategies and seeking support from opposition parties and potentially, former U.S. President Donald Trump's legal team.