A U.S. District Court rejected Argentina’s attempt to vacate a USD 21 million international arbitration award in a proceeding administered by ICSID under the UNCITRAL rules on the grounds of partiality and an improper damage award. Petitioner, the Republic of Argentina, sued to vacate a $20,957,809 international arbitration award entered in favor of Respondent AWG Group Ltd. (“AWG”). Argentina sought to vacate based on claims that (1) there was evident partiality in an arbitrator who…
A PDF version of this article is availabe here. A. Introduction 1. On August 18, 2015, the chamber…
INTRODUCTION 1. Several International Tribunals have come to the conclusion that “[t]he requirements of independence and impartiality serve…
Current Legislation Despite repeated attempts to obtain congressional approval to adopt the UNCITRAL Model Law as the Argentine federal arbitration act, Argentina still lacks federal legislation specifically dealing with arbitration. Instead, the country’s civil procedure codes contain arbitration regulations. Because Argentina is a federal country, each province has its own code of civil procedure that applies within that province. The National Code of Civil and Commercial Procedure (“CPCCN”) applies to the Autonomous City of Buenos…
Venezuela’s withdrawal from the ICSID Convention does not prevent foreign investors from relying on other mechanisms in order…
Report on the Changing Global Markets Forum – Opportunities & Risks in Latin America – Held on 14…