Split Tribunal Rejects Spanish Energy Investor’s $667M Claim Against Argentina

Mealey's (December 15, 2023, 1:42 PM EST) -- WASHINGTON, D.C. — A split International Centre for Settlement of Investment Disputes (ICSID) tribunal on Dec. 14 rejected a Spanish investor’s claims against the Argentine Republic for harming its investment and causing damages estimated at up to $667 million, finding that the investor was not harmed by arbitrary measures or forced to accept reduced income based on the nation’s regulatory changes, while the dissenting arbitrator said the investor was deceived by Argentina....