Burford Capital Limited (“Burford”), the leading global finance and asset management firm focused on law, issues the following update on two significant developments yesterday.
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US Budget Reconciliation Bill
With reference to Burford’s prior June 17 and June 30, 2025 statements in connection with proposed tax provisions relating to litigation finance included within the US Senate’s draft of the budget reconciliation bill:
The Senate Parliamentarian ruled that those provisions are not eligible for inclusion in the bill.
YPF Turnover Decision
With reference to Burford’s prior November 7, 2024 statement concerning a motion made in the U.S. District Court for the Southern District of New York (the “Court”) in the Petersen and Eton Park matters as part of the overall, ongoing effort to enforce the judgment against the Argentine Republic:
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The Court ordered Argentina to transfer its Class D shares of YPF (representing approximately 51% of YPF’s outstanding shares) to a global custody account at Bank of New York Mellon (“BNYM”) within 14 days and to instruct BNYM to transfer those shares to Petersen and Eton Park within one business day.
While this is a positive development in the enforcement campaign against Argentina, it is entirely possible that it will be the subject of further judicial proceedings.
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About Burford Capital
Burford Capital is the leading global finance and asset management firm focused on law. Its businesses include litigation finance and risk management, asset recovery and a wide range of legal finance and advisory activities. Burford is publicly traded on the New York Stock Exchange and the London Stock Exchange (LSE: BUR) and works with companies and law firms around the world from its global network of offices.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any ordinary shares or other securities of Burford.
This press release does not constitute an offer of any Burford private fund. Burford Capital Investment Management LLC, which acts as the fund manager of all Burford private funds, is registered as an investment adviser with the US Securities and Exchange Commission. The information provided in this press release is for informational purposes only. Past performance is not indicative of future results. The information contained in this press release is not, and should not be construed as, an offer to sell or the solicitation of an offer to buy any securities (including interests or shares in any of Burford private funds). Any such offer or solicitation may be made only by means of a final confidential private placement memorandum and other offering documents.
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Source: prnewswire