BP v. Argentina BP America Production Company and others v. Argentine Republic (ICSID Case No. ARB/04/8)
United States of America
Indirect and direct ownership of equity interests in three local companies engaged in oil and gas production in Argentina, holders of a number of hydrocarbon (oil and gas) production concessions, exploration permits and production contracts.
Claims arising out of a series of measures taken in the hydrocarbons and electricity sector by the Government to stem the country's economic crisis of 2001-2002 which allegedly affected the claimants' investments, including the exemption of hydrocarbon exports from export dues, the limitation of royalty rates and the right to freely export hydrocarbons and to transfer funds abroad.
Primary: B - Mining and quarrying
6 - Extraction of crude petroleum and natural gas
ICSID (International Centre for Settlement of Investment Disputes)
ICSID (International Centre for Settlement of Investment Disputes)
Caflisch, L.
van den Berg, A. J.
Stern, B.
Order taking note of the discontinuance issued by the Tribunal dated 20 August 2008, pursuant to Arbitration Rule 43(1)
Data not available
Data not available
Indirect expropriation

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

Full protection and security, or similar

Umbrella clause

Transfer of funds

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