The ICSID, the World Bank’s international arbitration tribunal, ordered Argentina to pay 136.1 million dollars plus interest to the companies, EDF International, Saur International and León Participaciones Argentinas for breach of contract.
Argentina announced that it reached a $900 million preliminary accord to settle its pending debt with 50,000 Italian holders of defaulted Argentine government bonds. The Italian bondholders had sought about $2.5 billion at the ICSID.
Argentina filed with the U.S. District Court for the District of Columbia a petition to vacate an UNCITRAL arbitration award, which could have broader implications for determining partiality of arbitrators.
The dozens of cases that were initiated against Argentina as a result of the outburst of one of its worst economic and financial crises in late 2001 became an often-quoted sad illustration of many of these shortcomings of the ISDS system.
In the rush to oppose TTIP we mustn’t lose sight of the context in which the deal is being negotiated — the hundreds of bilateral treaties that give corporations the right to sue in secret ’trade courts’.
An international arbitral tribunal has just ordered Argentina to pay nearly 400 million Euro to Suez because in 2006, after years of conflict, Argentina renationalized the water services in Buenos Aires.
Un tribunal arbitral international vient de condamner l’Argentine à verser près de 400 millions d’euros à Suez environnement, pour avoir renationalisé le service de l’eau de Buenos Aires en 2006, après des années de conflits.
Costa Rica enfrenta un proceso de arbitraje internacional interpuesto por el empresario español Alejandro Diego Díaz Gaspar, quien pide $91 millones por el cierre (en 2016) de su planta procesadora de pollos, Ibérico, la cual se ubicaba en Grecia.