ICISID Committee Rejects Argentina's Application To Annul Award

(February 2, 2016, 12:06 PM EST) -- WASHINGTON, D.C. — An ad hoc committee for the International Centre for Settlement of Investment Disputes (ICSID) on Feb. 1 rejected an application filed by the Argentine Republic to annul an award issued in a case filed by a French investor, finding that the tribunal did not manifestly exceed its powers and that there were no serious departures from the fundamental rules of procedure, among other findings (Total S.A. v. Argentina, ICSID Case No./ ARB/04/01).

(Decision available. Document #05-160223-002X).

On Jan. 22, 2004, Total S.A. commenced...
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