A US court overturned a $16 billion ruling against Argentina in a YPF expropriation case, marking a significant judicial victory for the country, as Argentina seeks to reassert its control over its oil industry.

<p> <img alt="The court held that trial judge Loretta Preska misinterpreted Argentine law by treating YPF&#039;s bylaws as a bilateral contract" height="80" src="https://en.mercopress.com/data/cache/noticias/109604/100x80/ypf.jpg" style="float: left; margin: 0 12px 6px 0; border: 1px solid #333;" width="100" /> The U.S. Court of Appeals for the Second Circuit in New York overturned on Thursday the ruling that required Argentina to pay over $16 billion in compensation to mino...