Repsol Asks World Bank Panel To Block $1.5B YPF Shale Deal

Law360, New York (July 26, 2013, 5:04 PM ET) -- Repsol SA asked a World Bank arbitration panel on Wednesday to block YPF SA and Chevron Corp. from moving forward on a $1.5 billion shale oil and gas project in Argentina, which Repsol was forced out of last year in a government takeover.

Still trying to negotiate an adequate compensation for being forced out of the project and a larger joint venture with YPF, Repsol has asked for an injunction from the International Centre for Settlement of Investment Disputes to stop YPF from moving forward on...
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