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2005
Scotiabank v. Argentina Bank of Nova Scotia v. Argentine Republic
Nationality of the parties
Argentina
Canada
Summary of matters at issue
Ownership of local bank, Scotiabank Quilmes SA.
Claims arising out of the alleged negative effects of the forced pesification of the bank's local subsidiary US-dollar assets and liabilities, during the Argentinean economic crisis of 2002.
Economic sector and subsector
Tertiary: K - Financial and insurance activities
64 - Financial service activities, except insurance and pension funding
Arbitral rules and administering institution
UNCITRAL
None (no administering institution)
Composition of tribunal
Brower, C. N.
Pellet, A.
Name not available
Status/Outcome of original proceedings
Settled
Decisions rendered
None
Amount of compensation
600.00 mln USD
Data not available
IIA breaches alleged/found
Data not available
Not applicable - settled or discontinued before decision on liability
Follow-on proceedings
None
Link to Italaw's case page