ICSID, 15 July 2017, Teinver S.A., Transportes de Cercanías S.A. and Autobuses Urbanos del Sur S.A. (Spain) v. the Argentine Republic, no. ARB/09/1 (dispatched to the Parties on 21 July)

The ICSID Tribunal ordered Argentina to pay more than 320 million dollars to the Claimants, members of the Spanish travel group Marsans, represented by King & Spalding, for the breach of fair and equitable treatment (“FET”) and unlawful expropriation of their investment in two Argentinian airlines. Respondent’s appointed arbitrator submitted a dissenting opinion stating that [...]