US judge will not enforce $16.1 billion judgment against Argentina while country appeals

A U.S. judge on Tuesday granted Argentina's request that she not enforce a $16.1 billion judgment arising from the government's 2012 seizure of a majority control in state-controlled oil company YPF while the cash-strapped country appeals the judgment.

U.S. District Judge Loretta Preska in Manhattan agreed to temporarily stay the judgment without requiring Argentina to post a bond, but said the country will need to pledge its equity interest in YPF plus some receivables.