US judge orders Argentina to pay $16.1 bn for oil firm expropriation
New York (AFP) - A US judge on Friday ordered Argentina to pay nearly $16.1 billion to two companies that were not compensated as minority shareholders for the 2012 nationalization of the YPF oil giant. In a ruling that expanded on a prior judgment in favor of Petersen Energia and Eton Park Capital, federal judge Loretta Preska set the amounts that Argentina must pay the two firms in compensation. Preska ordered the South American nation to pay $7.5 billion in damages and $6.85 billion in interest to Petersen Energia. She also ordered Argentina to pay about $1.7 billion, between damages and in...