Argentina Gets $16 Billion US Judgment Tossed on Appeal

A US appeals court’s reversal of the $16.1 billion YPF judgment against Argentina has dealt a major setback to Burford, halting enforcement efforts and underscoring the appellate and sovereign risk exposure inherent in large-scale, funder-backed claims. More from Bloomberg (subscription required). Burford has signaled potential further appeals and a shift toward investment treaty arbitration while preparing for a likely balance sheet write-down. Read more.