ICSID Dismisses Argentina’s Request To Annul $324M Award Over Airlines 

Mealey's (May 31, 2019, 1:45 PM EDT) -- WASHINGTON, D.C. — An ad hoc committee for the International Centre for Settlement of Investment Disputes (ICSID) on May 29 refused to annul an approximately $324,254,807 arbitral award issued for investors in airlines in the Argentine Republic, rejecting Argentina’s argument that the tribunal manifestly exceeded its powers (TeinverS.A., Transportes de Cercanias S.A. and Autobuses Urbanos del Sur S.A. and the Argentine Republic, No. ARB/09/1, ICSID)....