Repsol Dragged Feet On YPF Board Vote, BNY Mellon Says

Law360, New York (August 20, 2013, 3:54 PM EDT) -- Repsol SA failed to elect a handful of directors to now-nationalized Argentine oil company YPF SA's board because it waited too long, not because of the Bank of New York Mellon Corp.'s nefarious machinations, the bank's attorney told a New York state judge during a hearing Tuesday.

Mauricio A. Espana of Dechert LLP, who represents BNY Mellon, argued Repsol hadn't alleged any actions by the bank — whose affiliates had contracts to help Repsol vote its shares — that showed it had acted in bad faith...
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