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Burford Capital's Recent Developments

On July 1, 2025, Burford Capital Limited, a notable leader in global finance and asset management with a keen focus on legal matters, announced significant updates concerning its recent endeavors. This press release highlights two critical developments that could influence the wider financial landscape and ongoing legal proceedings involving Argentina.

US Budget Reconciliation Bill Update

The first of these updates pertains to the US Budget Reconciliation Bill, a legislative tool employed by the Senate to adjust fiscal matters. Previously, Burford had communicated on June 17 and June 30 about proposed tax provisions linked to litigation finance included in the Senate's draft. However, a ruling from the Senate Parliamentarian deemed these provisions ineligible for inclusion in the bill. This outcome represents a significant shift, as it blocks any immediate prospects for taxation adjustments specific to litigation funding, which could have potentially opened new avenues for Burford and similar firms in the legal finance sphere.

The implications of this decision stretch beyond Burford, potentially affecting the broader legal financing community who may find themselves without the financial backing or incentives once anticipated under the new provisions. This ruling reflects the complexity of legislative processes, especially when it intersects with emerging sectors like litigation finance. Burford's proactive communication and updates ensure that its stakeholders are kept informed of the developments which may impact their interests and investments.

YPF Turnover Decision

The second significant update revolves around the ongoing legal actions involving the Argentine Republic. In a prior statement dated November 7, 2024, Burford discussed motions presented in the U.S. District Court for the Southern District of New York relating to the enforcement of a judgment against Argentina concerning its national oil and gas company, YPF.

On this occasion, the court has issued a critical order mandating the Argentine government to transfer its Class D shares of YPF—about 51% of the company’s total shares— into a global custody account at the Bank of New York Mellon (BNYM) within a mere 14 days. Furthermore, the court directed the immediate transfer of these shares to plaintiffs Petersen and Eton Park within just one business day thereafter.

This decision marks a notable victory in Burford's ongoing efforts to ensure compliance from the Argentine authorities and enforce the judgment. However, stakeholders should remain cautious, as the potential for further judicial proceedings looms over this transaction, suggesting that while a legal victory has been achieved, the journey to capitalize on this win might still encounter obstacles. This complexity highlights the challenging yet crucial nature of the legal and financial landscapes within international trade and investment.

About Burford Capital

Burford Capital stands as a leader in the intersection of finance and law, offering a host of services from litigation financing and risk management to asset recovery and advisory activities. Its operations span globally, collaborating with clients—including prominent corporations and law firms—to navigate complex legal realities efficiently. The firm's stock is publicly traded on both the New York Stock Exchange (NYSE: BUR) and the London Stock Exchange (LSE: BUR).

For more insights and details about their services and strategic endeavors, more information can be found on Burford Capital's website.

These statements, while informative, are also accompanied by forward-looking assertions that should not be misconstrued as guarantees of future results. As is customary in the financial domain, various risks and uncertainties are inherent, some of which are discussed in more detail within Burford's Annual Report filed with the U.S. Securities and Exchange Commission.

In conclusion, as Burford navigates through these pivotal updates, its robust approach and commitment to transparency stand evident, allowing stakeholders to remain informed and engaged as the company charts its course forward.