US Appeals Court Denies Further Review of Argentina YPF Case Win

The US Second Circuit Court of Appeals rejected a request by former investors in YPF SA to have the full panel of judges reconsider a March ruling in favor of Argentina.

• The court on Tuesday denied the investors’ request for a so-called en banc rehearing of a March 27 decision that overturned a $16.1 billion judgment against Argentina over its 2012 nationalization of oil company YPF
• In the earlier ruling, two of three judges said the judgment was based on a misinterpretation of Argentine law
• New York-traded shares of Burford Capital Ltd., which acquired the original shareholders’ interests and ...