LBKM files amicus brief in Petersen v. Argentine Republic
LBKM filed an amicus brief in support of the Republic of Argentina with the United States Court of Appeals for the Second Circuit in Petersen v. Argentina and a related appeal. In the appeals, Argentina seeks reversal of a $16.1 billion judgment awarded in two investor suits involving the nationalization of YPF SA, Argentina’s oil company. LBKM represented OFEPHI, an organization of ten Argentine provinces, to which 49% of the expropriated shares of YPF were pledged. OFEPHI, citing each of the provinces’ expropriation laws, which parallel their federal counterparts, argued that the district court misconstrued Argentina's expropriation law, and that complex questions of Argentine law should be left to Argentine courts.
Read the brief below.