ICSID Discontinues Treaty Case Filed Against Argentina For Lack Of Payment
(December 15, 2015, 2:24 PM EST) -- WASHINGTON, D.C. — A tribunal for the International Centre for Settlement of Investment Disputes (ICSID) on Dec. 14 issued a decision discontinuing an arbitration commenced by more than 70 Italian individuals and entities in relation to their alleged investments in Argentina for failure to pay $400,000 in ICSID fees and costs (Giovanni Alemanni and others v. Argentine Republic, No. ARB/07/8, ICSID).
(Decision discontinuing the case available. Document #05-151222-009X.)
In January 2007, Giovanni Alemanni and others (collectively, the claimants) filed a request for arbitration with ICSID...