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US Court rejects Argentina appeal in Aerolíneas nationalization case, mandates $390M payment
La Nación (Argentina)LO·AR · US·about 5 hours ago
The Washington DC Court of Appeals affirmed a ruling requiring Argentina to compensate the Titan Consortium for the 2008 nationalization of Aerolíneas Argentinas and Austral. This decision finalizes a long-standing legal dispute, though the timeline for enforcement and potential impact on Argentine sovereign debt remains uncertain.
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A US Court of Appeals has affirmed a $390 million judgment against Argentina for the 2008 expropriation of Aerolíneas Argentinas, permitting the plaintiff to pursue seizure of Argentine sovereign assets within US jurisdiction. This decision finalizes a long-standing legal dispute, with high confidence in the ruling's confirmation.