ICSID Committee Rejects Argentina’s Request To Annul $225M Award

(December 17, 2018, 1:04 PM EST) -- WASHINGTON, D.C. — A committee for the International Centre for Settlement of Investment Disputes (ICSID) on Dec. 14 rejected a request made by the Argentine Republic to annul a $225,696,464 arbitral award issued for investors in water distribution concessions, finding that no grounds argued by Argentina supported annulment of the award (Suez, Sociedad General de Aguas de Barcelona S.A., and Vivendi Universal S.A. v. The Argentine Republic, No. ARB/03/17, ICSID)....