Argentina on Thursday filed an emergency appeal of a U.S. judge's order that it turn over its 51% stake in oil and gas company YPF to partially satisfy a $16.1 billion court judgment.

Argentina filed notice that it is appealing a US judge’s ruling requiring the South American nation to hand over its controlling stake in energy company YPF SA by next week to help satisfy a $16 billion judgment.

Argentina has filed an emergency appeal with the 2nd U.S. Circuit Court of Appeals in Manhattan, seeking to block a U.S. judges order to transfer its 51% stake in state oil firm YPF. The turnover is intended to

A US judge has ordered Argentina to relinquish its controlling stake in state-run energy company YPF as partial payment for a $16bn judgment over the country’s 2012 nationalisation of the group.