1997
Vivendi v. Argentina (I) Compañía de Aguas del Aconquija S.A. and Vivendi Universal S.A. (formerly Compañía de Aguas del Aconquija, S.A. and Compagnie Générale des Eaux) v. Argentine Republic (I) (ICSID Case No. ARB/97/3)
Argentina
France
Rights under a concession contract concluded between claimant's Argentine affiliate company and the Province of Tucumán for operating the water and sewage system of Tucumán.
Claims arising out of a series of decrees, resolutions, laws, and legal opinions of the Argentine Republic and its constituent Province of Tucumán which were allegedly designed to undermine the operation of a thirty-year water and sewerage concession contract.
Tertiary: E - Water supply; sewerage, waste management and remediation activities
Tertiary: E - Water supply; sewerage, waste management and remediation activities
36 - Water collection, treatment and supply
37 - Sewerage
ICSID (International Centre for Settlement of Investment Disputes)
ICSID (International Centre for Settlement of Investment Disputes)
Rezek, F.
Trooboff, P. D.
Buergenthal, T.
Decided in favour of investor
317.00 mln USD
105.00 mln USD
Indirect expropriation

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

Full protection and security, or similar
Indirect expropriation

Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims
ICSID annulment proceedings
ICSID resubmission proceedings
ICSID annulment proceedings
ICSID annulment proceedings
Award/decision partially annulled
Fortier, L. Y. (President)

Crawford, J. R. (Member)

Fernández Rozas, J. C. (Member)
ICSID resubmission proceedings
Decided in favour of the investor
ICSID annulment proceedings
Award/decision upheld
El-Kosheri, A. S. (President)

Jacovides, A. J. (Member)

Dalhuisen, J. H. (Member)