The U.S. government supports Argentina’s request to delay turning over its 51% stake in YPF to satisfy a $16.1 billion judgment. Investors urge the appeals court to reject the stay, citing Argentina’s delay tactics. They propose alternative collateral to avoid irreversible outcomes during the appeal. Argentina claims giving up YPF stake would harm its economy. Argentina has until July 22 to respond to investors’ filing. Litigation stemmed from Argentina seizing YPF stake in 2012. The U.S. government reiterates its support for Argentina in a friend-of-the-court brief.

Read more at Yahoo Finance: US sides with Argentina in YPF dispute, investors suggest alternative collateral