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.
Hide Comments (0)
Editor's Note: As of February 29, 2024, commenting privileges on reason.com posts are limited to Reason Plus subscribers. Past commenters are grandfathered in for a temporary period. Subscribe here to preserve your ability to comment. Your Reason Plus subscription also gives you an ad-free version of reason.com, along with full access to the digital edition and archives of Reason magazine. We request that comments be civil and on-topic. We do not moderate or assume any responsibility for comments, which are owned by the readers who post them. Comments do not represent the views of reason.com or Reason Foundation. We reserve the right to delete any comment and ban commenters for any reason at any time. Comments may only be edited within 5 minutes of posting. Report abuses.
Please
to post commentsMute this user?
Ban this user?
Un-ban this user?
Nuke this user?
Un-nuke this user?
Flag this comment?
Un-flag this comment?