Argentina wins reversal of $16.1 bln YPF expropriation ruling in US appeal court.

Argentina wins appeal to annul $16.1 billion judgment related to the expropriation of state-owned oil company YPF SA. The US Court of Appeals reversed a lower court's decision, stating that the judge had erred in favor of former shareholders who claimed to have been harmed by the nationalization of the Argentine oil company. The decision is a significant victory for Argentine President Javier Milei and helps to clear the way for the government's potential return to international markets. Former shareholders supported by Burford Capital, a litigation financier, may still appeal to the US Supreme Court.