LG&E Energy Corp. v. Argentine Republic

I.C.S.I.D Case No. ARB/02/1 (Oct. 3, 2006)

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LG&E Energy Corp. v. Argentine Republic

Tribunal of the International Centre for Settlement of Investment Disputes
I.C.S.I.D Case No. ARB/02/1 (Oct. 3, 2006)

Facts

In the late 1990s, in response to a failing economy, Argentina (defendant) passed a number of regulations requiring the conversion of U.S.-dollar deposits to pesos and restricting investment transfers outside of Argentina. A foreign investor, LG&E Energy Corporation (LG&E) (plaintiff), instituted an arbitral case against Argentina, arguing that Argentina’s implementation of measures affecting foreign investments violated the U.S.-Argentine Bilateral Investment Treaty (BIT) and constituted an indirect expropriation of property.

Rule of Law

Issue

Holding and Reasoning ()

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