ICSID Committee Rejects Argentina's Request To Annul $380M Award

(May 9, 2017, 1:18 PM EDT) -- WASHINGTON, D.C. — An ad hoc Committee for the International Centre for Settlement of Investment Disputes (ICSID) on May 8 released its decision rejecting an application filed by the Argentine Republic to annul a $380 million award issued in favor of claimants that invested in water distribution and waste water systems in Argentina (Suez, Sociedad General de Aguas de Barcelona S.A., and Vivendi Universal S.A. v. The Argentine Republic, No. ARB/03/19, ICSID)....