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2003
Suez and Vivendi v. Argentina (II) Suez, Sociedad General de Aguas de Barcelona, S.A. and Vivendi Universal, S.A. (formerly Aguas Argentinas, S.A., Suez, Sociedad General de Aguas de Barcelona, S.A. and Vivendi Universal, S.A.) v. Argentine Republic (II) (ICSID Case No. ARB/03/19)
Nationality of the parties
Argentina
France

Spain
Summary of matters at issue
Shareholding in local company that had a concession for water distribution and waste water treatment services in the city of Buenos Aires and some surrounding municipalities.
Claims arising out of a series of alleged acts and omissions by Argentina, including its alleged failure or refusal to apply previously agreed adjustments to the tariff calculation and adjustment mechanisms affecting claimants' investment.
Economic sector and subsector
Tertiary: E - Water supply; sewerage, waste management and remediation activities
36 - Water collection, treatment and supply
Arbitral rules and administering institution
ICSID (International Centre for Settlement of Investment Disputes)
ICSID (International Centre for Settlement of Investment Disputes)
Composition of tribunal
Salacuse, J. W.
Kaufmann-Kohler, G.
Nikken, P.
Status/Outcome of original proceedings
Decided in favour of investor
Amount of compensation
834.10 mln USD
383.60 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
Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims
Follow-on proceedings
ICSID annulment proceedings
ICSID annulment proceedings
Award/decision upheld
Sachs, K. (President)

Carmichael, T. A. (Member)

Oreamuno Blanco, R. (Member)
Link to Italaw's case page