YPF Trust

The Lower Chamber ratified the presidential decree and the appointment of federal authorities to run the company.
The Lower Chamber validated the decree appointing Federal Planning Minister Julio De Vido, and Economy deputy Minister, Axel Kicillof, to run the oil company.
The decree, a document sent by the President last April 16th, establishes the Trust in YPF for a term of 30 days to ensure continuity of the company, preservation of the assets and fuel supply and guarantee the country’s needs.
The document also mentions the appointment of authorities.
The Official party Legislador, Jorge Landau, defended YPF Trust and considereedd it “wrong” to take the initiative as a seizure. He relieves it is a simple law of expropriation passed according to the national supreme law and the international treaties.
Federal deputy of the Popular Union caucus pronounced in favor of YPF trust but against the authorities chosen as Trustees.
The Head of the PRO caucus, Federico Pinedo, questioned the Official decrees and said we must solve whether is is good or bad for the country to take control of a private company by decree.