Suez seeks $1.2bn in damages in Argentina
- From: Vol 11, Issue 8 (August 2010)
- Category: General
- Region: Americas
- Country: Argentina
- Related Companies: GdF Suez
Suez Environnement and Agbar have won the right to claim limited damages for lost revenues associated with Argentinian water concessions. Was the ruling tribunal’s judgement flawed?
An international arbitration tribunal has ruled that Suez Environnement, Agbar and other European water companies are entitled to damages in connection with their former integral water cycle concessions in Buenos Aires and Santa Fé, Argentina.
ICSID (International Centre for Settlement of Investment Disputes) decided on 30 July that the Argentinian government unfairly refused to allow the concessionaires – which also include ...
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