2007
Urbaser and CABB v. Argentina Urbaser S.A. and Consorcio de Aguas Bilbao Biskaia, Bilbao Biskaia Ur Partzuergoa v. Argentine Republic (ICSID Case No. ARB/07/26)
Argentina
Spain
Direct and indirect minority shareholding in an Argentinean vehicle company that held a concession for the provision of a drinking water supply and sewerage services in Buenos Aires.
Claims arising out of Argentina's alleged interference with the tariff regime applicable to claimant's investment and other alleged breaches of obligations under the relevant concession agreement through the enactment of emergency measures during its 2001-2002 economic crisis.
Tertiary: E - Water supply; sewerage, waste management and remediation activities
Tertiary: E - Water supply; sewerage, waste management and remediation activities
36 - Water collection, treatment and supply
37 - Sewerage
ICSID (International Centre for Settlement of Investment Disputes)
ICSID (International Centre for Settlement of Investment Disputes)
Bucher, A.
Martínez-Fraga, P. J.
McLachlan, C. A.
Brownlie, I. (replaced)
Decided in favour of neither party (liability found but no damages awarded)
211.20 mln USD
0.00 mln USD
Indirect expropriation

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

Arbitrary, unreasonable and/or discriminatory measures
Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims
None