Split ICSID Tribunal Orders Argentina To Pay Austrian Investors More Than $23M

Mealey's (November 15, 2021, 8:57 AM EST) -- WASHINGTON, D.C. — A split International Centre for Settlement of Investment Disputes (ICSID) tribunal on Nov. 5 awarded two Austrian investment entities more than $23 million and 3.7 million euros in damages and costs plus interest for the expropriation by the Argentine Republic of the entities’ investment in a gaming license that the majority found was arbitrarily revoked, while a dissenting arbitrator said the revocation was proper....