Year of Claim: 2001
Basis for Claim: US-Argentina BIT
Respondent State: Argentina
Name of Claimant 1: Enron Corporation
Primary Nationality of Claimant: USA
Tribunal accepted jurisdiction over claim, decided that respondent state violated treaty, and awarded approximately USD 106 million (plus interest) against respondent state. Tribunal split arbitration costs between claimant and respondent state. Decision of tribunal subsequently annulled by ICSID annulment committee.
Policy Areas: utilities (natural gas), privatization (energy), monetary system (financial crisis, currency reform)
Rules Used: ICSID
van den Berg replaced Gros Espiell after the award on jurisdiction.