The European Union parliament on Friday condemned Argentina's move to seize control of the YPF division of Spanish oil and gas company Repsol and demanded that the EU take action against Buenos Aires at the World Trade Organization as well as consider punishment for any country that attempts to nationalize a European company's assets.
April 23, 2012 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
The European Union parliament on Friday condemned Argentina’s move to seize control of the YPF division of Spanish oil and gas company Repsol and demanded that the EU take action against Buenos Aires at the World Trade Organization.
The parliament also called on the EU to look at the “possible partial suspension of the unilateral tariff preferences” as a way of punishing any country that attempts to nationalize a European company’s assets.
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