Settlement, 19 July 2017, Total v. Argentine Republic (following the ICSID case ARB/04/01)

ICSID Tribunal had ruled, in February 2016, in favour of Total in a case against the Argentine Republic (pertaining to the losses suffered in electricity distribution projects in Buenos Aires and hydroelectric and natural gas plants in the province of Neuquen).
A settlement was signed on 19 July, 2017. The Argentine Republic commited itself to pay 210 million dollars in Bonars (sovereign debts calculated in dollars, to be paid in 2024) to Total.

2018-01-14T19:23:14+00:00 July 19th, 2017|Settlement|0 Comments

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