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2009
Teinver and others v. Argentina Autobuses Urbanos del Sur S.A., Teinver S.A. and Transportes de Cercanías S.A. v. Argentine Republic (ICSID Case No. ARB/09/1)
Nationality of the parties
Argentina
Spain
Summary of matters at issue
Indirect shareholding in two Argentinean airlines.
Claims arising out of the Government's alleged re-nationalization and taking of other measures regarding claimants' investments in two Argentine airlines, Aerolíneas Argentinas S.A. and Austral-Cielos del Sur S.A., and subsequent disagreements between the parties as to the remedy due to claimants for the expropriation of their shares in those airlines.
Economic sector and subsector
Tertiary: H - Transportation and storage
51 - Air transport
Arbitral rules and administering institution
ICSID (International Centre for Settlement of Investment Disputes)
ICSID (International Centre for Settlement of Investment Disputes)
Composition of tribunal
Buergenthal, T.
Álvarez, H. C.
Hossain, K.
Status/Outcome of original proceedings
Decided in favour of investor
Amount of compensation
1590.00 mln USD
320.80 mln USD
IIA breaches alleged/found
Direct expropriation

Indirect expropriation

Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims

Full protection and security, or similar

Umbrella clause

Arbitrary, unreasonable and/or discriminatory measures
Direct expropriation

Indirect expropriation

Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims

Arbitrary, unreasonable and/or discriminatory measures
Follow-on proceedings
ICSID annulment proceedings
ICSID annulment proceedings
Pending
None
Mourre, A. (President)

Cantuarias Salaverry, F. (Member)

Ramírez Hernández, R. (Member)
Link to Italaw's case page