ICSID Rejects Argentina’s Application To Annul $136 Million Award
(February 9, 2016, 1:35 PM EST) -- WASHINGTON, D.C. — An ad hoc committee for the International Centre for Settlement of Disputes (ICISD) on Feb. 5 rejected an application filed by the Argentine Republic to annul a $136,138,430 award issued in favor of investors in an electricity distribution enterprise, finding that the tribunal did not exceed its powers and that it did not fail to state its reasons for the decision (EDF International S.A., et al. v. Argentine Republic, ICSID, No. ARB/03/23).
(Decision on annulment available. Document #05-160223-005X.)