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2012
Repsol v. Argentina Repsol, S.A. and Repsol Butano, S.A. v. Argentine Republic (ICSID Case No. ARB/12/38)
Nationality of the parties
Argentina
Spain
Summary of matters at issue
Majority shareholding in the Argentinean oil company YPF.
Claims arising out of the issuance of Law no. 660/2012 and decree 660/2010 that expropriated Repsol's 51 per cent shareholding in an Argentinean oil company.
Economic sector and subsector
Primary: B - Mining and quarrying
6 - Extraction of crude petroleum and natural gas
Arbitral rules and administering institution
ICSID (International Centre for Settlement of Investment Disputes)
ICSID (International Centre for Settlement of Investment Disputes)
Composition of tribunal
von Wobeser, C.
Orrego Vicuña, F.
Stern, B.
Status/Outcome of original proceedings
Settled
Amount of compensation
10500.00 mln USD
5000.00 mln USD
IIA breaches alleged/found
Direct expropriation
Not applicable - settled or discontinued before decision on liability
Follow-on proceedings
None
Link to Italaw's case page