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Tribunal Tells Argentina To Pay $172M To Energy Co.

Law360 (October 2, 2007, 12:00 AM EDT) -- California-based Sempra Energy won a $172 million arbitration claim against the government of Argentina in a dispute linked to the country's economic crisis.

The award, announced Tuesday by King & Spalding LLP and Sempra and granted on Friday, is one of the largest ever granted by the Washington-based International Centre for Settlement of Investment Disputes, an organization of the World Bank Group.

“We are pleased that, after several years, this arbitration case has been decided in our favor,” said Javade Chaudhri, executive vice president and general...
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