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2002
Siemens v. Argentina Siemens A.G. v. The Argentine Republic (ICSID Case No. ARB/02/8)
Nationality of the parties
Argentina
Germany
Summary of matters at issue
Sole shareholder of local investment vehicle company; claims to money under certain contract; business concessions conferred by public law.
Claims arising out of the government's suspension and subsequent termination of a contract to establish a system of migration control and personal identification.
Economic sector and subsector
Tertiary: O - Public administration and defence; compulsory social security
84 - Public administration and defence; compulsory social security
Arbitral rules and administering institution
ICSID (International Centre for Settlement of Investment Disputes)
ICSID (International Centre for Settlement of Investment Disputes)
Composition of tribunal
Rigo Sureda, A.
Brower, C. N.
Bello Janeiro, D.
Status/Outcome of original proceedings
Decided in favour of investor
Amount of compensation
462.50 mln USD
237.80 mln USD
IIA breaches alleged/found
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
Indirect expropriation

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

Full protection and security, or similar

Arbitrary, unreasonable and/or discriminatory measures
Follow-on proceedings
ICSID annulment proceedings
ICSID annulment proceedings
Discontinued
Order taking note of the discontinuance of the proceeding issued by the ad hoc Committee dated 28 September 2009, pursuant to ICSID Arbitration Rule 43(1)
Guillaume, G. (President)

Feliciano, F. P. (Member)

Shahabuddeen, M. (Member)
Link to Italaw's case page