Repsol Lodges 2nd US Suit Over YPF Nationalization

Law360, New York (May 25, 2012, 3:35 PM EDT) -- Spanish oil giant Repsol YPF SA on Monday accused Argentina of violating securities filing rules in New York federal court, the second action the company has taken in American court over the country's decision to nationalize Repsol's local operation YPF earlier this year.

Repsol said Argentina's decision to appropriate nearly all of the company's shares in the former state-run monopoly ran afoul of U.S. Securities and Exchange Commission regulations that require buyers to alert the shareholders when they acquire more than 5 percent of a particular...
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