Burford Capital Limited (LSE:BUR) shares rose 15% after a key US legislative threat was lifted and a US court ordered Argentina to hand over shares in oil group YPF to Burford's clients. The US Senate Parliamentarian ruled that proposed tax changes targeting litigation finance cannot be included in the latest budget reconciliation bill, removing a risk to Burford's core business.
NEW YORK , July 1, 2025 /PRNewswire/ -- Burford Capital Limited ("Burford"), the leading global finance and asset management firm focused on law, today issues the following update on two significant developments yesterday. US Budget Reconciliation Bill With reference to Burford's prior June 17 and June 30, 2025 statements in connection with proposed tax provisions relating to litigation finance included within the US Senate's draft of the budget reconciliation bill: The Senate Parliamentarian ruled that those provisions are not eligible for inclusion in the bill.
Declining commodity price realizations have hurt YPF's Q1 earnings.
Oil & Gas Integrated Industry | Energy Sector | Horacio Daniel Marin CEO | BCBA Exchange | US9842451000 ISIN |
AR Country | 21,594 Employees | 18 Jul 2019 Last Dividend | - Last Split | 28 Jun 1993 IPO Date |