Argentina May Abandon International Court, Treaties Over Debt Rulings

The country's government doesn't like being told to meet its obligations


Argentina faces 42 claims at the World Bank's ICSID in which the plaintiffs are demanding compensations for almost 65 billion dollars, revealed Eduardo Barcesat legal advisor to the Argentine Treasury and one of several lawyers who has defended the country in those litigations.

Among the 42 claims are five in which the International Centre for Settlement of Investment Disputes, ICSID, the arbitration tribunal from the World Bank has ruled against Argentina, but the country has not complied.

Argentina has not paid any of the compensations as dictated by ICSID said Barcesat who is also a professor at the University of Buenos Aires and participated in a forum in Quito relative to investment disputes organized by the Ecuadorian government.