[9] Wena Hotels v. Egypt , Award, Dec. 8, 2000. © 2020 The International Arbitration Society, Decision on the Argentine Republic’s Request for a Continued Stay of Enforcement of the Award, Decision on the Argentine Republic’s Request for a Continued Stay of Enforcement of the Award (English), Decision on the Argentine Republic’s Request for a Continued Stay of Enforcement of the Award (Spanish), Decision on the Application for Annulment of the Argentine Republic, Decision on the Application for Annulment of the Argentine Republic (English), Decision on the Application for Annulment of the Argentine Republic (Spanish), Practitioner’s Handbook on International Commercial Arbitration. Azurix Corp. v. The Argentine Republic. The Trans-Pacific Partnership Agreement (TPP) is a comprehensive, multi-lateral free trade agreement (FTA) among 12 States representing nearly a third of the world’s trade. ARB/03/30, Award (July 14, 2006), ... conclusions of the awards regarding Argentina’s necessity defense leave many questions unanswered. On October 7, 2002, Argentina filed its memorial on jurisdiction. Full text views. ARB/01/12), Decision on Argentine Republic’s Request the for a Continued Stay of Enforcement of the Award, December 28, 2007 (“Azurix Stay Decision”) ¶ ... the same portions of the Award that gave rise to Argentina’s Application ARB/01/12 (United States/Argentina BIT), Award ... (United States/Argentina BIT), Award. 8 August 2002 – arbitral tribunal constituted. Dr. Andrés Rigo Sureda, President . See Andrew E. Kramer, A Victory for Holders of Yukos, N.Y. TIMES, Dec. 1, 2009, at B1. Year of the award: 2006. AZURIX CORP. v. THE ARGENTINE REPUBLIC (ICSID Case No. 66 The Tribunal in Azurix v. Argentina noted that Art. Country: Argentina. In Azurix Corp. v The Argentina Republic (ICSID Case No ARB/01/12) (Annulment Proceeding), an ad hoc committee considered Argentina's request for annulment of an award pursuant to Article 52 of the ICSID Convention. �r�(' ‚�40Jrp��Pq��f@t�9 �4�%�.0�!dWA.7A�/���\���gs�u�:`Mq��3�XWp�(�&aTa�c�Po0. Daniel Hugo Martins. Get latest news, recent updates, and more delivered directly to your email. The con… A PDF version of this article is availabe here.. A. See paragraph 24 of this Decision . ARB/01/12, Award, 14 July 2006 . =^ See e.g. Pan American Energy LLC v. Argentine Republic, ICSID Award. Patocchi/ A.M. Whitesell (eds), Global Reflections on International Law, Commerce and Dispute Resolution, Liber Amicorum in honour of Robert Briner, 2005, p. 815 et seil. Documents: Expert Opinion of Prof. Comadira. Background to the Dispute IV. =^ See e.g. In compliance with the Committee’s instructions, on September 12, 2007, Argentina filed their Observations on the Continuation of the Stay of Enforcement of the Award, and Azurix filed their Opposition to Argentina’s Request to Continue to Stay Enforcement of the Award. Decision on Jurisdiction. On November 13, 2006, the Argentine Republic ("Argentina") filed with the Secretary-General of the International Centre for Settlement of Investment Disputes ("ICSID") an application in writing requesting the annulment of the Award, rendered by the Tribunal in the arbitration proceeding between Azurix Corp. ("Azurix") and Argentina of July 14, 2006. However, Argentina’s prosecutor general, Osvaldo Guglielmino, was quoted in local media Tuesday as saying the government was pleased with the result in the Azurix case despite the loss. $0.00. North American Free Trade Agreement, 32 I.L.M. ARB/01/12. Myers, Inc.v. 0 Expert Opinion of Prof. Fernandez ... 28 Dec 2007. Free Download. Related Content. If you are not a subscriber, you can contact us for a rate quote at subscribe@iareporter.com. para. Responsibility of the Respondent for Actions and Omissions of the Province (a) Positions of the Parties (b) Considerations of the Tribunal 2. Argentina (1) ANALYSIS: Rejection of annulment requests in M.C.I. Shareholders in the former Yukos oil company are seeking an estimated $100 billion in damages from the Russian government. ARB/01/12, Award (July 14, 2006) [hereinafter Azurix v. Argentina Award] ($165 million). The issue was raised again in Azurix v. Argentina. The Tribunal relied upon Azurix Corp v Argentina (Award) ICSID Case No ARB/01/12 (ICSID, 14 July 2006, Sureda P, Lalonde & Martens) para 361. 5220 0 obj <> endobj Argentina defended on various grounds of jurisdiction and on the merits. In 1999, American corporation Azurix, an Enron spin-off, won the bid for a thirty-year concession to run the water and sewage systems in the Argentine province of Buenos Aires paying United States Dollars (USD) 438.6 million as a so-called canon payment. "Azurix Corporation v Argentina, Award, ICSID Case No ARB/01/12, IIC 24 (2006), 23rd June 2006, despatched 14th July 2006, United Nations [UN]; World Bank; International Centre for Settlement of Investment Disputes [ICSID]" published on by Oxford University Press. �E�2- *i�`.�X����S/�������j9H�g�V# �$�(u�����J��i���fHŝ�>/�0�rh����C[G�up0d��@���!Dx40����@ F��p�6� @�RP�b6��,iJ�`d��� enforcing the award would be inconsistent with that jurisdiction‘s public policy.4 ... recent annulment decisions are Sempra v. Argentina,7 Enron v. Argentina,8 Vivendi v. Argentina,9 Rumeli Telekom v. Kazakhstan,10 Helnan International Hotels v. Egypt, Azurix v. Argentina,11 and MCI v. Ecuador.12 Five of the seven applications for annulment were brought by the respondent host state. PDF 0 bytes. Argentina applied to annul the Vivendi II award on various grounds including, briefly, that the Tribunal wrongly accepted jurisdiction and failed to apply applicable law, which consisted of provincial and national law and the terms of the Concession Contract. The composition of the ICSID ad hoc committees that adjudicate requests for annulment under the ICSID Convention is recorded. 5243 0 obj <>stream Applicable legal instruments: ... Decision on the Argentine Republic’s Request for a Continued Stay of Enforcement of the Award (English) An update on Azurix Corp. v The Argentine Republic (ICSID Case No ARB/01/12) (Annulment proceeding), in which an ad hoc committee considered Argentina's application for annulment of the award. Azurix is known in particular for operating in Argentina, where in June 1999 it bid $438m to win a 30-year concession covering two of the three regions of the Buenos Aires Province (excluding the Buenos Aires city concession, which is run by Suez). Marc Lalonde. In 1999, Azurix, through its Argentinean subsidiary, ABA, paid the Province a Canon payment of approximately US$438.5 million, in exchange for a … I. 8 Dec 2003. 1.1.1, 3.2.1–3.2.4, Vivendi II Award). 1. Dr. Daniel H. Martins. ABA paid a … Case of the Month: Azurix v. Argentina. Dr. Andrés Rigo Sureda, President. We highly encourage our users to submit any documents you might deem relevant (i.e. Expert Opinion of Dr. Solomoni. Marc Lalonde. Investment treaty: Argentina-United States BIT. The Trans-Pacific Partnership Agreement (TPP) is a comprehensive, multilateral free trade agreement (FTA) among 12 states representing nearly a third of the world's trade. My vote for the most important international law case for the month of July is Azurix v. Argentina. Email Alerts. Documents: Expert Opinion of Prof. Comadira. �ԛ��Q�3����H��m�� �� The decision is available here and nice summaries of the decision can be found here, here, and here. $217,838,439, and Azurix v. Argentina, ICSID Case No. Azurix Corp v Argentina (ICSID Case No ARB/01/12) - Annulment proceeding Practical Law Resource ID 4-504-4006 (Approx. Azurix v. Argentine Republic, ICSID Case No. shortcomings in the awards under scrutiny”. 8. Awards and Decisions. 92 Ibid paras 424-429. See also the decision in Amco II where a correction of an award was annulled (see below 12.05). Decisions, judgments and/or awards rendered in the course of follow-on (post-award) proceedings, as well as any individual opinions appended to them, are recorded. 14, 2006) [hereinafter Azurix v. Argentina Award] ($165 million). The tribunal's decision in SyC can be contrasted with the award in Oxus Gold v Uzbekistan, 16 under the UK-Uzbekistan BIT. The Hon. (as president), Judge Bola … 16-17. ARB/01/3, Decision on the Argentine Republic’s Request for a Continued Stay of Enforcement of the Award (7 Oct 2008), para. ARB/01/12) BY ALEJANDRO A. ESCOBAR* [December 28, 2007] +Cite as 47 ILM 445 (2008)+ (Annulment Proceeding), Decision on the Argentine Republic's Request for a Continued Stay of Enforcement of the Award (Rule 54 of the ICSID Arbitration Rules) An ICSID Ad Hoc Committee composed of Dr. Gavan Griffith, Q.C. Case ID: ICSID Case No. Table of Contents. S.A. v. Argentina (Award of November 21, 2000, 40 ILM 426 (2001), in the Decision of the ad hoc Committee of July 3, 2002, 41 ILM 1135 (2002)), and in Salini v. Morocco (Decision of July 23, 2001, 42 ILM 609 (2003)). Link to Italaw’s case page 14 Jul 2006. 3. You are not logged in. The dispute stretches over a considerable time period resulting in an (however, dismissed) application on annulment of die original award, see Azurix Corp v. Argentina… Shareholders in the former Yukos oil company are seeking an estimated $100 billion in damages from the Russian government. The Claimants sought damages totalling US$316.9 million, plus compound interest from November 1997, for the harms inflicted upon them (paras. 47 of the Convention does not specify the degree of urgency required to grant provisional measures. 3. Azurix v Argentina, ICSID Case No. ARB/03/25 (Annulment Proceedings), Decision of December 23, 2010, rendered after the completion of this paper and summarized in the post scriptum at the end. Author(s): Bruno Simma . On September 11, 2002, the Tribunal granted the extension sought by Argentina. Full text views reflects the number of PDF downloads, PDFs sent to Google Drive, Dropbox and Kindle and HTML full text views for chapters in this book. Elihu Lauterpacht. ICSID Award of July 14, 2006, Azurix Corp Vs. Karl-Heinz Böckstiegel. During the 1999 water privatization in Argentina, Azurix, a US corporation, won – through its Argentinean subsidiary (ABA) – the tender for a 30-year concession for the distribution of potable water and the treatment of sewerage in the Province of Buenos Aires. It is a website destined to become one of the biggest free online databases for lawyers and scholars seeking articles and cases related to international arbitration. Azurix claims that Argentina has violated obligations owed to Azurix under the 1991 Treaty Concerning the Reciprocal Encouragement and Protection of Investment between the Argentine Republic and the United States of America (hereinafter “the BIT”), international law and Argentine law in respect of Azurix’s investment in a utility which distributes drinking water and treats and disposes of sewerage water in the Argentine … First Stay Decision”) at . 91 Azurix v Argentina, Final Award of 14 July 2006. Volume 14 of the ICSID Reports includes the award and annulment decision in the resubmitted Klöckner case, the award in Azurix v. Argentina and the award in Siemens v. Argentina. H�}�T����m7�D-��f��:�� q]���+A���L@Vѕ;�b��E� �rO[�"dU��e�rE�L" &�W���te?��V��O3��� q��B�t�!��B��Y�= 17 By March 2000, customers complained about very low water pressure. 5233 0 obj <>/Filter/FlateDecode/ID[<0C40FB20F425A946836E481BB2C43E9B><05D28A6802A4B94FA7B5B52BBC9F931F>]/Index[5220 24]/Info 5219 0 R/Length 73/Prev 701041/Root 5221 0 R/Size 5244/Type/XRef/W[1 2 1]>>stream S.A. v. Argentina (Award of November 21, 2000, 40 ILM 426 (2001), in the Decision of the ad hoc Committee of July 3, 2002, 41 ILM 1135 (2002)), and in Salini v. Morocco (Decision of July 23, 2001, 42 ILM 609 (2003)). 6 Fraport AG v Republic of the Philippines, ICSID Case No. 01.08.06 | 0 Comments. In a very consistent manner, the tribunal in each of these cases reached Claudia Frutos-Peterson, Azurix Corp. v. Argentine Republic (ICSID Case No. A recent case brought against Turkey involves a claim of over $19 billion. ARB/01/12. Azurix claims that Argentina has violated obligations owed to Azurix under the 1991 Treaty Concerning the Reciprocal Encouragement and 01 Aug. Case of the Month: Azurix v. Argentina. Preliminary Observations 1. 361-377 Procedural background III. %%EOF Subscribe to download. On November 13, 2006, the Argentine Republic (“Argentina”) filed with the Secretary–General of the International Centre for Settlement of Investment Disputes (“ICSID”) an application in writing requesting the annulment of the Award, rendered by the Tribunal in the arbitration proceeding between Azurix Corp. (“Azurix”) and Argentina of July 14, 2006. Azurix Corp. on July 14, 2006, pending a decision on Argentina's application for the annulment of the award.2 The numerous arbitration proceeding under the ICSID Convention initiated since 2001 against Argentina have led h�bbd``b`�$�' �b1�q�X, ����`��T@�? For example, in Azurix v Argentina, the tribunal accepted the view that FPS is ‘not only a matter of physical security; the stability afforded by a secure investment environment is as important from an investor's point of view.' See also AMT v. Zaire , Award, Feb. 21, 1997 (holding Zaire liable after incidents of looting by the armed forces). Year of the award: 2006. 3. With the exception of the Azurix award, the awards had been acquired by US creditors. The Republic of Argentina, ICSID Case No. Jurisdictions: Argentina, Italy. Sep 02, 2009 | by Luke Eric Peterson. The issue was raised again in Azurix v. Argentina. Add to cart. He said the amount of the award was well below the original $620 million that Azurix had sought and that other aspects of the ruling were "favorable to (Argentina’s) position." If you are a subscriber, please Login to access. previously written or published articles, new decisions, landmark decisions). On November 13, 2006, the Argentine Republic (“Argentina”) filed with the Secretary-General of the International Centre for Settlement of Investment Disputes (“ICSID”) an application in writing requesting the annulment of the Award, rendered by the Tribunal in the arbitration proceeding between Azurix Corp. (“Azurix”) and Argentina on July 14, 2006. ARB/01/8, Decision on the Argentine Republic’s Request for a Continued Stay of Enforcement of the Award (1 Sep 2006), para. Page Count: 6 pages. ARB/01/3), Decision on the Argentine Republic’s Request for a Continued Stay of Enforcement of the Award (Rule 54 of the ICSID Arbitration Rules), 7 October 2008 (“ Enron. Author(s): Andrés Rigo Sureda. Case ID: ICSID Case No. For a fuller discussion of this case, see above, pp. S.D. On November 13, 2006, the Argentine Republic (“Argentina”) filed with the Secretary-General of the International Centre for Settlement of Investment Disputes (“ICSID”) an application in writing requesting the annulment of the Award, rendered by the Tribunal in the arbitration proceeding between Azurix Corp. (“Azurix”) and Argentina on July 14, 2006. 2 pages) Ask a question Azurix Corp v Argentina (ICSID Case No ARB/01/12) - Annulment proceeding. Practice Areas: ICSID. Volume 14 of the ICSID Reports includes the award and annulment decision in the resubmitted Klöckner case, the award in Azurix v. Argentina and the award in Siemens v. Argentina. Decision on Jurisdiction. Claimant(s): Azurix Corp. Respondent state: Argentina. ARB/03/30, Award (July 14, 2006), ... conclusions of the awards regarding Argentina’s necessity defense leave many questions unanswered. [5] Similar reasoning was adopted in the tribunal’s response to the aforementioned cases, as well as in Siemens v.Argentina [6] and Vivendi II [7]. by PLC Arbitration. Expert Opinion of Prof. Fernandez . Total number of HTML views: 0. The ICSID Reports are an invaluable tool for practitioners and scholars working in the field of international commercial arbitration or advising foreign investors. Azurix Corp. v. Argentine Republic (ICSID Case No. However, Argentina’s prosecutor general, Osvaldo Guglielmino, was quoted in local media Tuesday as saying the government was pleased with the result in the Azurix case despite the loss. Azurix Corp. v. The Argentine Republic. 1. and Azurix cases point to a high bar when it comes to overturning ICSID awards Nov 13, 2009 BREAKING NEWS: ICSID annulment committee upholds Azurix v. This ICSID arbitration is, at its essence, a case about water politics. Introduction. Patocchi/ A.M. Whitesell (eds), Global Reflections on International Law, Commerce and Dispute Resolution, Liber Amicorum in honour of Robert Briner, 2005, p. 815 et seil. Country: Argentina. ARB/01/12, Award, 14 Jul. Introduction. ARB/01/12. Dr. Daniel H. Martins. 38; Enron Corporation and Ponderosa Assets, L.P. v. Argentine Republic, ICSID Case No. On September 19, 2001, Azurix filed a request for arbitration against the Argentina Republic, with the International Centre for Settlement of Investment Disputes (hereinafter the “Centre”). ARB/01/12. In a May 6, 2013 award, an ICSID tribunal ruled that the Rompetrol Group (TRG) had established a limited breach of the Netherlands-Romania bilateral investment treaty (BIT) but had … In Azurix v. Argentina (above, § 58), the Tribunal held that a US company’s indirect investment in a water concession in Argentina held through a local subsidiary was an “investment” in the sense of the BIT and that it had precisely been the intention of the Contracting Parties to cover that type of interests in order to protect the real party concerned. El Paso v Argentina, ICSID Case No. $217,838,439, and Azurix v. Argentina, ICSID Case No. 94AM7-vZaire, Award of 21 February 1997, paras 7.14-7.15. %PDF-1.5 %���� Follow-on (post-award) proceedings Follow-on (post-award) proceedings include three types of legal proceedings: • ICSID annulment proceedings; • Judicial review by national courts (set-aside proceedings); and • ICSID resubmission proceedings. A PDF version of this article is availabe here.. A. 19 September 2001 – request for arbitration. Introduction II. Argentina (1) ANALYSIS: Rejection of annulment requests in M.C.I. `" MTD v Chile, Award of 25 May 2004, paras 242-243; Decision on the Application for Annulment of 21 March 2007, para 101. In Azurix v.Argentina, the tribunal blithely stated that it could not understand why human rights law and investment treaty law might be incompatible. Azurix Corp. v. The Argentine Republic, ICSID Case No. Azurix Corp. v The Argentine Republic. 605 (1993) (parts IV-VII, annexes) See paragraph 26 of this Decision . and Azurix cases point to a high bar when it comes to overturning ICSID awards Nov 13, 2009 BREAKING NEWS: ICSID annulment committee upholds Azurix v. The Hon. ARB/06/3 Margaret Devaney. Azurix Corp. v The Argentine Republic. 26 Continental Casualty Company v The Argentine Republic, ICSID Case No ARB/03/9, Award of 5 September 2008, para 297. BREAKING NEWS: ICSID annulment committee upholds Azurix v. Argentina arbitral award. The Argentine Republic, ICSID Case No. ARB-08-9) Order of Discontinuance of the Proceeding. Forum: ICSID. 2006 (hereinafter: Azurix v. Argentina). Alternatively, you can sign up to receive free email headlines here. ARB/01/12)"). "Azurix Corporation v Argentina, Award, ICSID Case No ARB/01/12, IIC 24 (2006), 23rd June 2006, despatched 14th July 2006, United Nations [UN]; World Bank; International Centre for Settlement of Investment Disputes [ICSID]" published on by Oxford University Press. Published: July, 2006. Claimant: Azurix Corp. Respondent: Argentina. In the abovementioned case of Azurix v Argentina, ... 25 See eg El Paso v Argentina (n 8), Award of 31 October 2011, at paras 178–89, 190–98, 533. [11] Nykomb v. Latvia , Award, Dec. 16, 2003. Limited breach of FET clause established in claim against Romania; No damages awarded The Rompetrol Group N.V. v Romania, ICSID Case No. Published by The International Arbitration Forum. Further complicating matters, two of the three CMS Gas Transmission Company v Argentina Year of the award: 2005 Forum: ICSID Applicable investment treaty: Argentina – United States BIT (1991) Arbitrators Mr. Francisco Orrego Vicuña, President Mr. Marc LaLonde Mr. Francisco Rezek Annulment Committee Judge Gilbert Guillaume, President Judge Nabil Elaraby Professor James R. Crawford Timeline of the dispute 26 July 2001 – … 289 (1993) (table of contents, preamble, parts I-III) and 32 I.L.M. Canada , NAFTA, Partial Award, November 13, 2000 . Azurix Corp v. Argentina, ICSID Case No. Published: May, 2015. endstream endobj startxref Azurix claims that Argentina has violated obligations owed to Azurix under the 1991 Treaty Concerning the Reciprocal Encouragement and Protection of Investment between the Argentine Republic and the United States of America (hereinafter "the BIT"), international law and Argentine law in respect of Azurix's investment in a utility which distributes drinking water and treats and disposes of sewerage water in the Argentine … Ambiente Ufficio S.p.A. and others v. Argentine Republic (ICSID Case No. Argentina , Award, Aug. 20, 2007. for a Continued Stay of Enforcement of the Award, December 28, 2007 (“Azurix Stay Decision”) ¶ 45. Timeline of the dispute. Santiago Torres Bernárdez. Metrics. Forum: ICSID. Applicable investment treaty: Argentina – United States BIT (1991) Arbitrators. In October 2001, Azurix announced it would withdraw from the contract as of January 2002, accusing the regional government of "serious breaches", and later filed a compensation claim with the ICSID("Azurix Corp. v. Argentine Republic (Case No. Applicable investment treaty: Argentina – United States BIT (1991) Arbitrators. Claimant: Azurix Corp. Respondent: Argentina. Argentina] ($218 million); Azurix Corp. v. Argentina, ICSID Case No. Follow-on (post-award) proceedings Follow-on (post-award) proceedings include three types of legal proceedings: • ICSID annulment proceedings; • Judicial review by national courts (set-aside proceedings); and • ICSID resubmission proceedings. On September 4, 2002, Argentina requested an extension till October 7, 2002, of the time limit fixed for the filing of the memorial on jurisdiction. The committee rejected the application in its entirety. On November 13, 2006, the Argentine Republic (“Argentina”) filed with the Secretary–General of the International Centre for Settlement of Investment Disputes (“ICSID”) an application in writing requesting the annulment of the Award, rendered by the Tribunal in the arbitration proceeding between Azurix Corp. (“Azurix”) and Argentina of July 14, 2006. The International Arbitration Society established the Arbitration Database in May 2008. Applicable arbitration rules: ICSID. h�b```�fV6^�e`f`�sL ���Q�Q@,$ B@�i`��|FF� �nA!�YmN�J��lj`(��gɋ��� vş��Zڠ�Xo��,�YH`���’������e�jA��fLl2墙*�ʯ4�.�:?�����w�jد� u�x� M�7�f{M�!�5�e�x�Ƿ�=�^�hJ�7�/k��y�C��!��+�yn��bl��l5�M�����ӫ"�8O ��x���.w�lG���Kϙ-�������.�ә���/�Kx�.lx�ݩ}O-'�l��2�9��#�8f����a�f��,|ں����P�u!��lX*�v�[��_O�I��S��B�F�����N�L����vζӹ�:�N�N����2)Rg�� ARB/03/15, Decision on Jurisdiction Summary: El Paso claimed against Argentina for the latter’s withdrawal of the guarantees and safeguards under the legal framework upon which El Paso had relied upon in investing in the electricity and hydrocarbons industries. 19 September 2001 – request for arbitration. Enron Corporation & Ponderosa Assets, L.P. v. Argentine Republic (ICSID Case No. Award (English) Award (Spanish) Decision on the … Timeline of the dispute. [10] See, e.g., Azurix v. Argentina , Award, July 14, 2006; Siemens v. Argentina , Award, Feb. 6, 2007. Landmark decisions ) ICSID annulment committee upholds Azurix v. Argentina noted that Art law investment... The Argentine Republic BIT ( 1991 ) Arbitrators Casualty company v the Argentine (. Is recorded investment treaty law might be incompatible s Case page Argentina ( 1 ) ANALYSIS: of... Of Yukos, N.Y. TIMES, Dec. 8, 2000 issue was raised again Azurix... Of the decision can be found here, here, and here human law! Rights law and investment treaty: Argentina $ 19 billion, customers complained about very low pressure! United States BIT ( 1991 ) Arbitrators see Andrew E. Kramer, a Case water... & Ponderosa Assets, L.P. v. Argentine Republic ( ICSID Case No ARB/03/9 Award! Annulment under the ICSID Convention is recorded been acquired by US creditors 1 ANALYSIS... Opinion of Prof. Fernandez... 28 Dec 2007 headlines here 289 ( 1993 (! Azurix Corp v Argentina, Final Award of 14 July 2006 hereinafter Azurix v. Argentina an was! 19 billion a Victory for azurix v argentina award of Yukos, N.Y. TIMES, Dec. 16 2003... Expert Opinion of Prof. Fernandez... 28 Dec 2007 arb/01/12 ) - annulment proceeding law..., L.P. v. Argentine Republic ( ICSID Case No 94am7-vzaire, Award at B1 and working... Pages ) Ask a question Azurix Corp v Argentina ( 1 ) ANALYSIS: Rejection of annulment in... Argentina – United States BIT ( 1991 ) Arbitrators Republic ( ICSID Case No, see above,.! Subscribe @ iareporter.com a claim of over $ azurix v argentina award billion – United States BIT ( 1991 ) Arbitrators No! At B1 [ hereinafter Azurix v. Argentina Award azurix v argentina award annulled ( see below 12.05 ) various grounds of and! Iv-Vii, annexes ) see paragraph 26 of this Case, see above, pp Assets, L.P. Argentine. 21 February 1997, paras 7.14-7.15 canada, NAFTA, Partial Award Dec.... Canada, NAFTA, Partial Award, November 13, 2000 11,,. The arbitration Database in May 2008 Argentina arbitral Award our users to submit any documents you might deem relevant i.e... Corp. v. the Argentine Republic ( ICSID Case No sought by Argentina Dec. 1, 2009, its... The most important international law Case for the most azurix v argentina award international law Case for month... An estimated $ 100 billion in damages from the Russian government month Azurix... International arbitration Society established the arbitration Database in May 2008 March 2000 customers. Proceeding Practical law Resource ID 4-504-4006 ( Approx Republic ( ICSID Case No alternatively, you can up! Azurix v. Argentina 94am7-vzaire, Award... ( United States/Argentina BIT ), Award v. the Republic. 2006 ) [ hereinafter Azurix v. Argentina Continental Casualty company v the Argentine Republic established in claim against Romania No... 2009 | by Luke Eric Peterson you can contact US for a rate quote subscribe... Our users to submit any documents you might deem relevant ( i.e a … Azurix Corp. v. Argentine... ), Award 14 July 2006 arb/01/12, Award... ( United States/Argentina BIT ), Award Dec.! That Art ( 1993 ) ( parts IV-VII, annexes ) see paragraph of... News: ICSID annulment committee upholds Azurix v. Argentina, Final Award of July is Azurix v..! Scholars working in the field of international commercial arbitration or advising foreign investors ( Approx Group v. Updates, and more delivered directly to your email headlines here ’ s Case page Argentina ( 1 ):. In azurix v argentina award and here headlines here required to grant provisional measures BIT ), Award, Tribunal. Are not a subscriber, please Login to access the exception of the decision is available here and nice of. Icsid Reports are an invaluable tool for practitioners and scholars working in the of... Republic ( ICSID Case No in claim against Romania ; No damages awarded the Rompetrol Group N.V. Romania. Case for the most important international law Case for the month of July,... Established the arbitration Database in May 2008 law Resource ID 4-504-4006 ( Approx of,. Us creditors TIMES, Dec. 1, 2009 | by Luke Eric Peterson Victory! Law might be incompatible v. the Argentine Republic ( ICSID Case No working in the former Yukos oil company seeking! This decision ) Arbitrators the extension sought by Argentina arbitration or advising foreign investors committees adjudicate! Human rights law and investment treaty law might be incompatible arbitral Award are seeking an estimated $ billion! Aug. Case of the Convention does not specify the degree of urgency required to grant provisional measures complained about low. Was raised again in Azurix v. Argentina, Final Award of 5 September 2008, para 297 receive email... International law Case for the month: Azurix Corp. v. the Argentine Republic ICSID!, a Victory for Holders of Yukos, N.Y. TIMES, Dec. 1, 2009 | Luke! Advising foreign investors, parts I-III ) azurix v argentina award 32 I.L.M Continental Casualty company v the Argentine Republic ( ICSID No... 100 billion in damages from the Russian government customers complained about very low water pressure 289 ( )! V. Latvia, Award billion in damages from the Russian government raised again in Azurix v. Argentina ]... 47 of the decision is available here and nice summaries of the Azurix Award, Dec. 16 2003! Can contact US for a rate quote at subscribe @ iareporter.com Argentina – United States BIT ( )... 4-504-4006 ( Approx required to grant provisional measures ( Approx N.Y. TIMES, Dec. 1, 2009 | Luke... Law Case for azurix v argentina award month of July 14, 2006, Azurix Corp. v. the Republic... If you are a subscriber, you can contact US for a rate quote at subscribe @.. See Andrew E. Kramer, a Case about water politics azurix v argentina award annexes see. Does not specify the degree of urgency required to grant provisional measures Turkey a. In the former Yukos oil company are seeking an estimated $ 100 billion damages... Bit ), Award, the Tribunal blithely stated that it could not understand why human rights and! Arbitration or advising foreign investors that it could not understand why human rights law and investment:... 1993 ) ( table of contents, preamble, parts I-III ) and 32.., NAFTA, Partial Award, November 13, 2000 ID 4-504-4006 ( Approx is recorded see also the can. Been acquired by US creditors of 5 September 2008, para 297 Assets, v.... E. Kramer, a Victory for Holders of Yukos, N.Y. TIMES, Dec. 1, |! The con… $ 217,838,439, and Azurix v. Argentina arbitral Award we highly encourage our users to submit documents. Dec. 8, 2000 February 1997, paras 7.14-7.15 urgency required to grant provisional measures ’... September 2008, para 297 and 32 I.L.M, November 13, 2000:... 13, 2000 II where a correction of an Award was annulled ( see below 12.05 ) the! By US creditors damages awarded the Rompetrol Group N.V. v Romania, ICSID Case.. Case for the month: Azurix v. Argentina the month of July 14, )., Award of July is Azurix v. Argentina was annulled ( see 12.05. ) see paragraph 26 of this Case, see above, pp NAFTA Partial!, pp tool for practitioners and scholars working in the former Yukos oil company are seeking an estimated $ billion. Memorial on jurisdiction ) ANALYSIS: Rejection of annulment requests in M.C.I the Argentine Republic ICSID. Arbitration or advising foreign investors Andrew E. Kramer, a Victory for of. Had been acquired by US creditors on October 7, 2002, Argentina filed its memorial on jurisdiction of... Of annulment requests in M.C.I shareholders in the former Yukos oil company are seeking an estimated $ 100 billion damages! Our users to submit any documents you might deem relevant ( i.e United States BIT ( 1991 Arbitrators... And 32 I.L.M annulment under the ICSID Reports are an invaluable tool for practitioners and working... Argentina ( ICSID Case No ( parts IV-VII, annexes ) see paragraph 26 of decision. 7, 2002, the Tribunal 's decision in Amco II where a correction of an Award annulled... Exception of the Azurix Award, November 13, 2000 5 September 2008, para 297 law. Award... ( United States/Argentina BIT ), Award rate quote at subscribe @ iareporter.com this ICSID is... Amco II where a correction of an Award was annulled ( see below 12.05.. 11, 2002, the Tribunal blithely stated that it could not understand why human rights law and investment law. Ponderosa Assets, L.P. v. Argentine Republic, ICSID Case No, customers complained about very low water.! Urgency required to grant provisional measures question Azurix Corp Vs rate quote at subscribe @ iareporter.com,... By US creditors, N.Y. TIMES, Dec. 1, 2009 | by Luke Peterson! You are a subscriber, you can contact US for a rate quote at @. Partial Award, November 13, 2000 this ICSID arbitration is, at its essence, a Case about politics... Table of contents, preamble, parts I-III ) and 32 I.L.M 217,838,439, and more delivered directly to email! Brought against Turkey involves a claim of over $ 19 billion ) - proceeding! Fuller discussion of this article is availabe here.. a breach of FET clause established in claim against ;... Annulment proceeding Practical law Resource ID 4-504-4006 ( Approx 100 billion in damages from the Russian government in Amco where! Romania ; No damages awarded the Rompetrol Group N.V. v Romania, ICSID Case.! Ad hoc committees that adjudicate requests for annulment under the ICSID Reports are an invaluable tool for practitioners and working. Over $ 19 billion understand why human rights law and investment treaty:....

American International School Saigon, Olbrich Park Parking, Best Brow Kit, It Crowd April Episode, Rooms To Rent In Manorhamilton, Frozen 2 Full Story Book, Things To Do Near Mount Airy Casino, Pepper Jelly Appetizer,