Argentina Wins Reprieve in US Court Fight Over YPF Shares (2)

An appeals court ruled that Argentina doesn’t need to turn over its controlling stake in YPF SA to holders of a $16 billion judgment while the South American nation tries to overturn a US judge’s order requiring it to do so.

The New York-based appeals court in a brief ruling on Friday granted Argentina’s request to put US District Judge Loretta Preska’s June 30 order on hold during the appeals process, which is likely to take months. The decision by the 2nd US Circuit Court of Appeals relieves some of the pressure on Argentine President Javier Milei’s government ...