Argentina: Repsol considers “unlawful” expropriation of YPF and will take legal action

Posted on April 17, 2012 • Filed under: Argentina, Oil

Repsol considered “unlawful” expropriation of YPF and will take legal action
The first Spanish oil company, Repsol, Monday considered “illegal and seriously discriminatory” partial expropriation by the government of its subsidiary YPF Argentine and announced it would take “all legal measures as appropriate” to safeguard their interests and those of its shareholders .

“Repsol announced that the measure is manifestly unlawful and discriminatory seriously, that is not justified in any way the public interest pursued by it and that is a clear breach of the obligations assumed by the Argentine government in the privatization of YPF “complained in a statement to the Spanish stock exchange authorities. Read Article

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