Telefónica v. Argentina Telefónica S.A. v. Argentine Republic (ICSID Case No. ARB/03/20)
Indirect majority shareholding in local company holding a telecom license.
Claims arising out of the modification of the investor's licensee tariff regime, as a result of the enactment of Argentina's Emergency Law, whereby the free conversion of the Argentine currency into U.S. dollars was eliminated and previous dollar adjustment clauses and indexation clauses based on foreign price indexes became invalid.
Tertiary: J - Information and communication
61 - Telecommunications
ICSID (International Centre for Settlement of Investment Disputes)
ICSID (International Centre for Settlement of Investment Disputes)
Sacerdoti, G.
Brower, C. N.
Siqueiros, E.
Order taking note of the discontinuance issued by the Tribunal dated 24 September 2009, pursuant to ICSID Arbitration Rule 43(1)
2800.00 mln USD
Data not available
Indirect expropriation

Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims

Arbitrary, unreasonable and/or discriminatory measures
Not applicable - settled or discontinued before decision on liability