# Argentina awaits Supreme Court after YPF case closed

> US court closes $18bn YPF case as Argentina waits for Supreme Court review.
- Title: Argentina awaits Supreme Court after YPF case closed
- Summary: US court closes $18bn YPF case as Argentina waits for Supreme Court review. Argentina's $18 billion debt to US over oil company YPF expropriation is…
- Keywords: argentina, ypf, us supreme court, oil expropriation, loretta preska, burford capital, news, world, politics, awaits, Supreme, Court
- Source: MercoPress — https://en.mercopress.com/2026/10/20/argentina-awaits-the-supreme-court-after-the-ypf-case-is-closed-at-first-instance
- Read time: 1 min
- Topics: argentina, ypf, us supreme court, oil expropriation, loretta preska, burford capital, news, world, politics
## US court closes YPF case
New York federal judge Loretta Preska vacated her 2023 judgment ordering Argentina to pay over $16 billion for oil company YPF expropriation.

> Preska's judgment, which exceeded US$18 billion with interest, was the largest ever imposed on a state by a US court
## Case closed at first instance
Preska's order incorporates the Second Circuit Court of Appeals ruling that overturned the judgment on March 27.

> The Second Circuit Court of Appeals overturned the judgment on March 27
## Argentina's response
Treasury sources called the step a 'merely procedural' step the government expected to take.

> We will continue to defend the interests of the State
## Next steps
US Supreme Court may review the case but has no deadline to decide after receiving 7,000-8,000 petitions per term.
## Key takeaway

Argentina's $18 billion debt to US over oil company YPF expropriation is finalized at first instance, pending Supreme Court review.