Introduction

National Grid plc v Argentina deals with one of a series of claims made by foreign companies with regards to their investment in Argentina, as a result of the economic crisis which affected the country from 1999 to 2001. National Grid plc made investments in the Argentinean electrical power industry, following privatization measures introduced by Argentina in 1989 and 1991. The British company subsequently brought a claim alleging that the measures taken by Argentina in 2002 as a result of the economic crisis which hit the country, had resulted in various breaches of the ...