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Domestic courts not necessarily less favourable than international arbitration
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Majority finds that scope of MFN clause depends on interpreation of “treatment”
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Background: Argentina unilaterally terminated a services contract for the implementation of an ambitious electoral, migratory and personal identification system
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Arbitration tribunal merely took necessary decisions for the conduct of the proceedings, which do not warrant the disqualification of the whole tribunal
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Disqualification is only warranted if a reasonable third party would find an obvious lack of independence or impartiality
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Chair of ICSID’s Administrative Council declines to seek recommendation from a third party, noting that such a step is “exceptional”
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Disqualification proposal was submitted in a timely fashion
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Argentina argues that a series of procedural steps and decisions by the tribunal regarding the merits hearing evidence an obvious appearance of lack of impartiality and independence
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Background: Long-running case is reactivated – but parties disagree on form, timing, and modalities of merits hearing
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Background: ICS argues that Argentina failed to pay monies under pre-shipment inspection services contract in the context of the Argentinian financial crisis
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Tribunal rejects requirement of ‘continuous ownership’ in ICSID arbitration
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Background: Argentine financial crisis and ensuing legislative measures give rise to ICSID claim
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Arbitrators did not consider themselves barred from considering other ICSID tribunals’ positions and opinions
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Tribunal found that it was not bound by previous decisions
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National forum selection clause in concession contracts did not prevent AES from alleging a breach of international law
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Tribunal saw claimant as a protected investor
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Ongoing negotiation between AES and Argentina did not hinder the tribunal’s jurisdiction
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Tribunal found that claims were not merely based on general economic policy, but arose “directly” out of the investment
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Arbitrators set out two-prong test to identify a “legal dispute”
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Tribunal applied MFN clause to overcome local litigation requirement
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Annulment and revision proceedings featured debate on enforcement of ICSID award, but were discontinued
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Municipal law was only relevant as evidence of measures taken by Argentina
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Contractual forum selection clause did not affect the tribunal’s treaty-based jurisdiction
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After seeking a recommendation by the PCA, ICSID rejected a challenge to Mr. Rigo Sureda
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