Friday, July 28, 2017
Payout represents 20 percent of that sought by now insolvent Marsans Group
Argentina has been ordered to pay more than US$320 million to the insolvent Marsans Group over the expropriation of Aerolíneas Argentinas and other companies, closing a chapter in a saga that started in 2008.
In a split decision, a tribunal at the World Banks International Centre For Settlement Of Investment Disputes (ICSID) ruled that Argentina had breached the terms of a bilateral investment treaty the country held with Spain, specifically unlawfully expropriating Aerolíneas Argentinas and associ…
Read the full article at: http://www.buenosairesherald.com/article/226411/tribunal-fines-argentina-us$320m-over-aerolÃneas-argentinas-expropriation