U.S. District Court, S.D.N.Y.; enforcement worldwide · US/Intl · 2023- · Enforcement ongoing
Citation/Docket: No. 15-cv-2739 (S.D.N.Y.) ($16.1B judgment Sept. 2023)
Posture: Funded shareholders vs. sovereign
Funder(s) involved: Burford Capital (acquired claims out of Spanish insolvency)
Burford acquired Petersen's claims through Spanish insolvency proceedings and funded the decade-long YPF expropriation case; Argentina has attacked Burford's role and returns throughout enforcement.
$16.1B judgment for plaintiffs, the largest funder-driven outcome to date; Burford's share (a large majority of proceeds) is itself a public flashpoint; collection remains contested across jurisdictions.
Insolvency estates are a major funder acquisition channel, and mega-returns invite sovereign-level resistance and political scrutiny of the industry.
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Compiled from public sources (court filings, published opinions, and secondary reporting) as part of the Institute's Phase 1 Dispute Library research. This is educational material, not legal advice; case citations should be independently verified before relied upon.