Argentina will file a request this Tuesday in U.S. courts to suspend the order related to the multi-billion-dollar lawsuit over the 2012 nationalization of Yacimientos Petrolíferos Fiscales (YPF), seeking to postpone the transfer of the company’s shares as ordered by New York Judge Loretta Preska.
The government of President Javier Milei has prepared a legal argument that it will present on Tuesday, July 22, to block enforcement of Preska’s ruling, which on June 30 ordered the Argentine state to hand over its 51% stake in the oil company to the plaintiffs.
However, the measure was temporarily stayed by the Second Circuit Court of Appeals in New York, amid parallel negotiations between the beneficiaries of the ruling and the Argentine government, which in recent days received key backing from Donald Trump's administration.
On July 18, the U.S. Department of Justice filed an amicus curiae brief (friend of the court) in the case and supported Argentina’s request to suspend the order requiring the transfer of YPF shares.
This move aligns with the stance the same U.S. agency took in November 2024, when it also supported the legal arguments presented by the Argentine state.
The Milei administration welcomed the support and recalled that in 2019, during Mauricio Macri’s presidency (2015–2019) and Trump’s first administration, the U.S. Supreme Court had requested the executive branch’s opinion on the jurisdictional immunity claimed by Argentina, and the White House issued a statement against the South American country.
