“A country that permanently changes its position is not serious and does not attract investments,” he warned. Endless Empire: Santiago Caputo's challenging message after the YPF ruling The former prosecutor explained that the ruling validates the Argentine defense based on the primacy of local public law. “The Court of Appeals references the Argentine Law of Corporations on one hand and the National Constitution on the other,” he detailed, and added that it was an exceptional case because “it was an American judge applying Argentine law.” Likewise, as reported by the Argentine News Agency, he specified that the process has not yet concluded and that the plaintiff could attempt to appeal to the US Supreme Court. “The possibilities are remote, but the process is still not over,” he clarified. “The substantive arguments are the same and are the ones the Court of Appeals takes,” he affirmed, and valued the sustained work of the state defense. “This shows that there are institutions that work very well, such as the Treasury Prosecutor's Office and the State's lawyers across three different governments,” he expressed. Finally, he concluded that the judicial decision strengthens the country's credibility with international investors. “It projects beyond finances, to the position and 'standing' that Argentina has in the world, and that in the medium and long term has a very great benefit,” he stated. Máximo Kirchner defended YPF's sovereignty after the ruling #AgenciaN He also considered it difficult for Argentina to obtain compensation for legal expenses, as “there was no fault or infringement that would give rise to a claim for compensation.” When evaluating the institutional impact of the ruling, Saravia Frías highlighted the continuity of the legal strategy since 2017. Buenos Aires, March 28 (NA)– The former Prosecutor of the Treasury, Bernardo Saravia Frías, stated that the recent ruling by the New York Court of Appeals, which reverses the economic conviction against Argentina for the renationalization of YPF, represents a key relief for public finances and strengthens the country's institutional position. “I would put Argentina in first place without a doubt, Argentina of today and of future generations,” he affirmed when analyzing who benefits the most from the judicial decision. The specialist emphasized that the first-instance ruling implied “a sideral amount that seriously compromised the country's finances,” so the reversal of the ruling has a direct impact in macroeconomic terms. “Definitely Argentina in first place, secondly indirectly YPF,” he pointed out, explaining that the company could also have been affected by eventual liabilities in a second instance. Saravia Frías stressed that the benefit is not limited to the financial plane, but it projects into the country's international image. “There is something else that is not being fully seen: the value this has as state policy,” he indicated in dialogue with Splendid AM 990. In that sense, he stated that the continuity of the legal strategy through different governments sends a signal of predictability. “State policy is a country that is consistent over time, that is serious.”
