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At 11.21 am on 30 Sep 2022, Seb Maril posted:
"The Argentine Republic submitted its Annual Report to the US SEC, updating the information on international litigation, with and without judgment. - For the first time, it publishes the potential damages associated with the trial for the exprop. of YPF (USD 8,400 million).
So, it would seem that the Argentinian Government has already written off $8.4M for the YPF expropriation.
To me, that's a good place to start the negotiations from???
The last line of the docket reads "Counsel shall confer and inform the Court by letter of how they propose to proceed within fourteen days".
https://www.pacermonitor.com/public/case/7977221/Petersen_Energia_Inversora,_SAU_et_al_v_Argentine_Republic_et_al
In layman's terms the way I see it is:
a. Argentina - appeals the SJ (which would mean that they would be required to post a very large bond).
b. Argentina - directly discusses/negotiates a deal with Burford (including a payment plan).
c. Argentina/Burford - both sides hire a Special Master (mediator) and start negotiations that will lead to a satisfactory outcome.
d. Argentina - refuses to pay or acknowledge the court/judgement.
e. We go back to the New York Southern District Court for further legal proceedings.
f. Burford - the trial court judgement is immediately enforceable (we begin seizing assets).
Sarah VS Serial Podcast.
52.25 minutes in.
Bogart - Straight from the horses mouth.
https://thedispatch.com/podcast/advisoryopinions/sarah-vs-serial/
Oops!
https://thedispatch.com/podcast/advisoryopinions/sarah-vs-serial/
Many thanks to EdmondJ on the other board.
https://aboutblaw.com/7km
https://www.burfordcapital.com/media-room/media-room-container/wsj-lte/
Worth a listen?
https://www.wsj.com/articles/burford-capital-responds-on-sysco-litigation-b7649955
Thanks Accomp:
https://news.bloomberglaw.com/us-law-week/breaching-a-litigation-funding-agreement-the-sysco-burford-story
And more new stuff ......
https://cookcountyrecord.com/stories/640324421-sysco-burford-has-lied-to-the-world-about-controlling-lawsuits
https://news.bloomberglaw.com/business-and-practice/sysco-says-140-million-litigation-funder-blocking-lawyer-change
And
https://www.bloomberglaw.com/public/desktop/document/SyscoCorporationvGlazLLCetalDocketNo123cv01451NDIllMar082023Court?doc_id=X2526A200KG9ELRE6E65JALSNKK
We might see a decision today re the Sysco lawsuit.
"The arbitration panel has already heard arguments from both sides on whether to issue a permanent injunction and has said it intends to issue a ruling by March 17".
https://www.reuters.com/legal/legalindustry/sysco-sues-litigation-funder-burford-blasts-boies-schiller-over-140-million-2023-03-09/