Argentina Seeks to Delay Paying $16 Billion US Court Judgment

Argentina said it wants to delay paying a $16 billion court judgment over its 2012 expropriation of oil company YPF SA.

Argentina is appealing the Sept. 15 award in hopes it won’t ever have to pay. Failing that, the South American nation wants to put off paying at least for the year or so it would take for its appeal to be decided.

The judgment equals almost 20% of the nation’s budget, lawyer Robert Giuffra said in a letter to the court Wednesday night. That amount would be impossible to pay by Oct. 16, the date sought by ...