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Argentina

Mercosur proposal to present the EU expected to be ready by end of April
16-Apr-2014
Argentine cabinet chief Jorge Capitanich confirmed on Tuesday ’significant advances’ in the elaboration of Mercosur’s joint proposal to exchange with the European Union for discussions on a much delayed wide ranging cooperation and trade agreement.
Brazil/Argentina agree on deal to promote bilateral trade by guaranteeing ’dollar liquidity’
2-Apr-2014 MercoPress
Brazil and Argentina signed a deal over the weekend that seeks to guarantee importers will have enough U.S. dollars to pay for exports, a move to increase trade between both nations that has been hit hard by a sharp depreciation of the Argentine peso.
Profiting from crisis: How corporations and lawyers are scavenging profits from Europe’s crisis countries
10-Mar-2014 TNI
Corporations, backed by lawyers, use international investment agreements to scavenge for profits by suing Europe’s crisis countries.
Repsol in $5 billion settlement with Argentina
25-Feb-2014 New York Times
Repsol, the Spanish oil company agreed to a $5 billion compensation deal with Argentina for the seizure of the company’s operations in that country, ending a bitter two-year dispute.
Mantega insists that the Mercosur/EU trade agreement includes Argentina
28-Jan-2014
Mercosur is preparing for trade negotiations with the European Union and they include Argentina, said on Friday Brazilian finance minister. The comment seems to contradict other recent statements which said the trade deal with the EU will go forward with or without a reluctant Argentina.
Smart move: Argentina to leave the ICSID
21-Jan-2014 CILJ
Given the substantial problems with the current ICSID framework and the large number of cases currently pending against Argentina, denouncing the SID Convention and leaving the ICSID is the best course for the country.
Argentina settles five outstanding investment treaty arbitration claims in historic break with its anti-enforcement stance
3-Nov-2013
Argentina has agreed to settle five separate investment treaty arbitration claims at a cost of around USD 500 million, in an historic departure from the Latin American state’s refusal to comply with awards made by international investment treaty arbitration bodies.
We reject the offers made by the Argentine government to pay the ICSID claims
30-Oct-2013 ATTAC Argentina
ATTAC Argentina declare that we reject the offer made by the Argentine government to pay 500 million dollars to five transnational corporations that sued our country before the International Centre for the Settlement of Investment Disputes (ICSID).
Argentina: what to do with the BITs?
24-Sep-2013 Rebelión
Why do we continue to be bound to this investment protection regime when it is not a determinant of FDI and makes it harder for us to retain our resources?
Treaty disputes roiled by bias charges
10-Jul-2013
Concerns about objectivity and accountability of investment dispute arbitrators have prompted calls for tougher ethical guidelines as caseloads have exploded.
Argentine court revokes US$19 bln embargo on Chevron
6-Jun-2013 Bernama
Argentina’s Supreme Court revoked a US$19 billion embargo on the assets and future income of Chevron Corp.’s Argentina subsidiary, giving the US oil giant a victory in a decades-old battle with indigenous groups in Ecuador.
Brazil admits postponing free trade with Argentina
25-Apr-2013 Folha de S.Paulo
The Minister of Development, Industry and Foreign Commerce, Fernando Pimentel, suggested that Brazil could postpone the date the auto parts and automobile free trade agreement between Brazil and Argentina will become effective - the scheduled date is July.
Cristina Fernandez delaying Mercosur/EU discussions for a free trade agreement
28-Jan-2013
Argentine president Cristina Fernandez downplayed immediate discussions for the trade and cooperation agreement between EU and Mercosur arguing that the South American block should elaborate and discuss new proposals to be presented to the Europe Union on the last quarter of this year.
Argentina faces 65bn dollars in claims; plans to abandon international litigations court
29-Nov-2012
Argentina faces 42 claims at the World Bank’s ICSID in which the plaintiffs are demanding compensations for almost 65 billion dollars, revealed Eduardo Barcesat legal advisor to the Argentine Treasury and one of several lawyers who has defended the country in those litigations.
Argentina: Loss of sovereignty
26-Nov-2012 Página 12
The neoliberal political plan, of which BITs are an integral and specific component, is highly incompatible with the nation-state and furthermore with the national-democratic state.
Argentina: Unidad Popular thinks the country should withdraw from ICSID
9-Nov-2012 Parlamentario.com
During a public hearing, a member of parliament, Claudio Lozano made the request to follow in the footsteps of countries such as China, India and Brazil, all countries that have not ratified bilateral investment treaties.
BITs and ICSID: transnational-friendly justice
7-Nov-2012 Observatorio Petrolero Sur
It is necessary to debate these issues and raise awareness on the effects of foreign investment, on the implications of BITs and ICSID as a means of consolidating our dependency.
Azerbaijan, Argentina sign agreement on trade and economic cooperation
28-Jul-2012
The Azerbaijani and Argentine foreign ministers signed an intergovernmental agreement on cooperation in trade-economic sphere.
Brazil targets Argentina with trade licenses
14-May-2012
Brazil on Monday escalated a growing trade fight with Argentina by increasing the bureaucratic obstacles for importing about 10 perishable products including apples, raisins, and potatoes, a senior Brazilian government official told Reuters.
Argentina: Towards a possible new withdrawal from ICSID?
2-May-2012
As long as States, like Argentina and many others, accumulate a large amount of cases against them or obtain sistematically wrong results before ICSID arbitrators — which is the rule, with a very few exceptions — it is possible that the list of ICSID withdrawals will increase in the Americas.