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1 revisions for "How a $16 Billion Judgment Against Argentina Collapsed—and What It Means for Sovereign Debt Law"

A divided Second Circuit panel voided a $16.1 billion judgment against Argentina for its 2012 nationalization of oil company YPF, ruling that plaintiffs' breach-of-contract claims failed under Argentine law. The decision devastated litigation funder Burford Capital, whose shares fell 47%, and raises far-reaching questions about whether U.S. courts should serve as venues for sovereign expropriation disputes.