Wednesday, July 22nd 2026 - 22:13 UTC
The decisive legal point was the statute of limitations
The US Court of Appeals for the District of Columbia Circuit on Tuesday rejected an appeal filed by Argentina and left standing the ruling that recognizes an arbitral award of $390,907,115 in favor of the fund Titan Consortium, over the 2008 expropriation of Aerolíneas Argentinas and Austral Líneas Aéreas Cielos del Sur. The amount was calculated as of December 10, 2024, with subsequent interest to be added.
The ruling does not require immediate payment, but strengthens the fund's position in the enforcement process, allowing it to continue legal proceedings in the United States in search of Argentine assets against which to collect.
The decisive legal point was the statute of limitations. Argentina argued that a three-year period should apply, while the District Court had ruled in 2024 that the applicable period was twelve years. The appeals court upheld that reasoning and dismissed the country's request to throw out the claim.
