Argentina Dodges Gas Co.’s $185M Arbitration Award

Law360, New York (January 17, 2012, 8:35 PM EST) -- The D.C. Circuit on Tuesday reversed an arbitration award of over $185 million to BG Group PLC in its dispute with Argentina over regulatory measures it enforced during its 2002 economic crisis that allegedly affected BG Group’s investment in now-bankrupt Argentine gas distributor MetroGas SA.

A three-judge panel agreed with Argentina’s argument that the arbitration panel had overstepped its authority by taking on the dispute, violating a bilateral investment treaty between the parties that required that disputes between an investor and the host state should be...
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