IIAPP - Enron v Argentina

Enron v Argentina

Year of Claim: 2001

Basis for Claim: US-Argentina BIT

Respondent State: Argentina

Claimants

Name of Claimant 1: Enron Corporation

Primary Nationality of Claimant: USA

Outcome

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

Arbitrators

Orrego-Vicuña, Francisco, Tschanz, Pierre-Yves, van den Berg, Albert Jan

Arbitrator Footnotes

van den Berg replaced Gros Espiell after the award on jurisdiction.

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Policy Area

Treaty

Case Name

Respondent State

Arbitrator