According to the media, an arbitral tribunal under the auspices of the ICSID has recently awarded $165 million dollars in damages to Azurix Corporation, a Delaware company.
Azurix, the former water concessionaire of Buenos Aires, has sought to recover damages in excess of $565 million dollars from the Republic of Argentina.
ICSID’s caseload has registered over 30 proceedings against Argentina, following the 2001 economic crisis in that country.
Azurix, the former water concessionaire of Buenos Aires, has sought to recover damages in excess of $565 million dollars from the Republic of Argentina.
ICSID’s caseload has registered over 30 proceedings against Argentina, following the 2001 economic crisis in that country.
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