2007
HOCHTIEF v. Argentina HOCHTIEF Aktiengesellschaft v. Argentine Republic (ICSID Case No. ARB/07/31)
Argentina
Germany
Minority shareholding in an Argentinean vehicle company, incorporated by the claimant and other members to a consortium that had a 25-year highway system construction concession.
Claims arising out of Argentina's enactment of a 'pesification' law, among other measures during its 2001-2002 economic crisis, allegedly affecting the investor's interests in a consortium responsible for the construction, maintenance and operation of a toll road and several bridges between the cities of Rosario and Victoria over the Paraná river in northern Argentina.
Tertiary: F - Construction
42 - Civil engineering
ICSID (International Centre for Settlement of Investment Disputes)
ICSID (International Centre for Settlement of Investment Disputes)
Lowe, V.
Brower, C. N.
Thomas, J. C.
Decided in favour of investor
157.20 mln USD
13.40 mln USD
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
Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims
ICSID annulment proceedings
ICSID annulment proceedings
Pending
None
Kettani, A. (President)

Mourre, A. (Member)

Bastid Burdeau, G. (Member)