A U.S. Appeals court temporarily paused efforts by investors to identify Argentina’s assets in the United States in order to collect on a $16 billion judgment in a case about the 2012 nationalization of the South American country’s largest energy company. Investor will not be able to move forward with the effort until appeals are resolved in the long-running case, in which U.S. District Judge Loretta Preska ordered Argentina to compensate former shareholders Petersen Energía and Petersen Energía Inversora — backed by litigation funder Burford Capital — for the seizure of a majority share in YPF Energy. But an expert cautioned that Argentina’s win on a procedural question does not mean that the court will ultimately overturn the judgment.
