US Judge Nullifies $16B YPF Ruling Against Argentina, Closes Case

Judge Loretta Preska formally recorded the annulment of the March conviction against Argentina in the YPF nationalization case, closing the decades-old first-instance proceeding and eliminating the $16 billion claim. The decision is a major legal victory for Argentina, though the plaintiffs may appeal, leaving the final outcome uncertain. This removes a significant fiscal overhang for Argentina's sovereign risk profile.