The Republic of Argentina and the plaintiffs led by Burford Capital met again on Wednesday in New York, as part of a follow-up hearing in the lawsuit over the expropriation of YPF, which is being handled by Judge Loretta Preska.
The hearing took place after Burford Capital's request for sanctions and Argentina's motion to suspend the entire process, according to the National Treasury Prosecutor's Office.
"In the face of this level of pressure, the State maintains a firm stance in defending its rights and using all available legal tools," explained representatives.
Finally, the Argentine representation emphasized that the hearing allowed the country to reiterate its position on the impropriety of certain requests made during the discovery process and to reaffirm the current government's decision to pursue an active legal strategy in the litigation.
The meeting was part of the discovery process ordered by the court and had been scheduled in advance.
The national government indicated that the hearing was set for late last year and questioned the escalation of pressure from the plaintiffs.
"It is improper to insist on requests for information about assets protected by sovereign immunity," stated official sources, warning that demanding data from the Central Bank on the location of assets would be equivalent to asking the U.S. Federal Reserve for sensitive information about its own holdings.
Similarly, the Argentine defense highlighted that during the hearing, the country reaffirmed its commitment to complete the pending documentation on previously agreed points and to continue communications with citizens who have expressed their willingness to cooperate with the process.
In this regard, they highlighted that Argentina continues to demonstrate responsibility and good faith in fulfilling its procedural obligations, while maintaining its firm request to suspend the proceedings.
