The U.S. Justice rules in favor of Argentina and exposes the Kirchner disaster.
The decision led to the largest trial against Argentina abroad.
The Donald Trump administration, through the Department of Justice, had supported Argentina's position in the litigation
.This was key to the development of the case and the final outcome.
the
He highlighted the work of the Treasury Attorney's Office, which faced international legal studies with much smaller resources.
“Officials who charge $1,000 beat the best lawyers in the world,” he said.
The Burford Capital fund, which had bought the rights to the lawsuit
, was hit.He had invested about 15 million euros and had already raised more than $300 million by selling parts of the litigation.
Now, after the ruling, their strategy is in question.
YPF case was the country's greatest external judicial risk
.The House's decision changes the scenario completely.
Government uses this result as proof of a change of direction
.On the one hand, a historic favorable ruling. On the other hand, the exposition of errors of Kirchnerism
.The narrative is clear: order, defense of the State and an end to ideological decisions that cost billions.
President Javier Milei celebrated a key ruling in the United States that favors Argentina in the trial for the expropriation of YPF.
At the same time, he harshly targeted Axel Kicillof and Kirchnerism, whom he blamed for the economic and legal disaster the country was facing.
The New York Court of Appeals overturned the trial conviction handed down by Judge Loretta Preska
.This means that Argentina will not have to pay the nearly 18 billion dollars that were at stake.
Milei defined it as:
“A historic ruling”
“The greatest legal achievement in national history”
and stressed that the result was less than 15% likely to occur
.
“We had to come and fix the shit out of Kicillof's useless, imbecile and incompetent,” he said.
He also targeted Cristina Kirchner, whom he described as “corrupt and imprisoned”.
The focus is clear: holding Kirchnerism responsible for the expropriation of YPF and its consequences.
The judicial conflict dates back to 2012, when Cristina Kirchner's government moved forward with the nationalization of
the oil company.At the time, Kicillof was Minister of Economy and one of the main drivers of the measure.
