Bilzin Sumberg (JD Supra Argentina)
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U.S. Supreme Court Reinstates $185 Million International Arbitration Award - Court Reaffirms Arbitral Preconditions Presumptively For Arbitrators’ Determination
In a much anticipated opinion, on March 5, 2014, the U.S. Supreme Court decided 7-2 to reverse the lower court and revive a $185 million arbitration award in BG Group PLC v. Republic of Argentina. The case began under the bilateral investment treaty (“BIT”) between the United Kingdom and Argentina. BG Group had acquired a majority interest in MetroGas, an Argentine natural gas distribution...
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