A United States court has confirmed a ruling ordering Argentina to pay US$390 million over the expropriation of Aerolineas Argentinas during the Kirchner era, Clarin.com and Infobae reported.
Clarin.com reported the court rejected a request from Argentina and ratified the earlier condemnation. Infobae reported the United States justice system obliges Argentina to pay the sum over the nationalisation of the flag carrier.
What did the US justice system decide?
A United States court confirmed the order requiring Argentina to pay US$390 million over the nationalisation of Aerolineas Argentinas, both Clarin.com and Infobae reported. Coverage in the Argentine press indicated the dispute traces to a claim by Titan Consortium before a Washington district court over the expropriation.
Clarin.com framed the outcome as a rejection of Argentina's request and a ratification of the earlier condemnation, tied to the expropriation carried out during the Kirchner era. Infobae reported that the United States justice system obliges Argentina to pay the sum over the nationalisation. The two outlets align on the central figure and the subject of the case. Other regional outlets similarly reported that US justice ruled against Argentina and ordered payment of US$390 million.
Why does this matter for the CELAC region?
The reports point to the continued exposure of a South American sovereign to litigation in United States courts over past nationalisations. Similar cross-border legal and financial risk has surfaced elsewhere in the region, as seen when Meliá exited Cuba amid US sanctions that raised legal and financial hurdles. The supplied reports from Clarin.com and Infobae do not specify the plaintiffs, the court involved, a payment deadline, or any response from the Argentine government, so LCN cannot state those details.
Frequently Asked Questions
How much must Argentina pay?
Both Clarin.com and Infobae report the figure as US$390 million, connected to the nationalisation of Aerolineas Argentinas.
What was the US decision?
Clarin.com reported that the United States rejected a request from Argentina and ratified the condemnation. Infobae reported that the United States justice system obliges Argentina to pay the amount. The outlets agree the ruling stands against Argentina.
When did the expropriation take place?
The reports link the case to the nationalisation of Aerolineas Argentinas carried out during the Kirchner era. The supplied reports do not give a specific date for the expropriation.
The reported ruling leaves Argentina holding a US$390 million bill from a decade-old nationalisation, with the plaintiffs, the deadline, and Buenos Aires' next move still outside what Clarin.com and Infobae have reported.
By LCN Wire