CGE/ Vivendi v Argentina (No 2)
Year of Claim: 2003
Basis for Claim: France-Argentina BIT
Respondent State: Argentina
Claimants
Name of Claimant 1: Vivendi Universal S.A. (formerly Companie Generale des Eaux)
Primary Nationality of Claimant: France
Outcome
Tribunal accepted jurisdiction over claim, decided that respondent state violated treaty, and awarded approximately USD 105 million (plus interest) against respondent state. Tribunal split arbitration costs between claimant and respondent state, but required respondent state to pay approximately USD 700,000 (plus interest) of legal costs of claimant.
Policy Areas: public health (potable water), utilities (water and sewage), privatization (operation of water system), local government (water and sewage)
Rules Used: ICSID
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