The decision of a United States court to rule in favor of Argentina in the trial for the Kirchner expropriation of YPF not only represented economic relief for the country, but also caused movements in the prices of the companies involved.
The measure was adopted by the Court of Appeals of the Second Circuit of New York, which decided to annul a previous ruling that obliged the Argentine State to pay USD 16.1 billion for the takeover of the oil company in 2012.
This ruling, achieved due to the great judicial work carried out by the Government of Javier Milei, thus reverses a first-instance conviction handed down in 2023, within the framework of a judicial process initiated in 2015 by former shareholders of the company.
The reaction of the markets
After the resolution was announced, the reaction in the markets was immediate. Shares of Burford Capital, which had financed the lawsuit against Argentina, plummeted to 40% on Wall Street, trading around $4.90. The company was one of the main potential beneficiaries of the compensation, which had reached $18 billion with interest
.In contrast, YPF shares registered a strong increase of more than 5%, exceeding USD 46 in their ADR price, which marks a high since January 2025. This behavior reflects the improvement in market expectations regarding the company's financial situation after the elimination of legal risk.
