Case report (free download)
Case Report by Ximena Araya and Diego Luis Alonso Massa
The Republic of Argentina ("Argentina") filed a lawsuit before the United States Court for the District of Columbia ("the Court") seeking vacatur of an international arbitration award against the country in the amount of $20, 957, 809, plus interest in favor of the respondent AWG Group Ltd. ("AWG"). AWG, for its part, seeks confirmation, recognition and enforcement of that same award. The Court denied Argentina's request to vacate the Tribunal's award and granted AWG's cross-petition to confirm the award.
Vacatur of arbitral award, investment, investors, partiality of an appointed arbitrator, excess of powers of the Arbitral Tribunal, FAA, New York Convention.
Case report provided by International Arbitration Case Law (IACL)