Titan Consortium 1 LLC v Argentine Republic - United States District Court for the District of Columbia Case No 1-21-cv-02250 - Petition to Enforce Arbitral Award - 24 August 2021
Petitioner Titan Consortium 1, LLC ("Titan") brings this action to enforce an arbitral award (the "Award") issued on July 21, 2017, in [Teinver S.A., Transportes De Cercanías S.A. and Autobuses Urbanos Del Sur S.A. v Argentine Republic] ICSID Case No. ARB/09/1 against Respondent, the Argentine Republic ("Argentina"), following arbitration proceedings conducted in accordance with the Convention on the Settlement of Investment Disputes between States and Nationals of Other States (the "ICSID Convention"). Titan also seeks to enforce an additional award of costs and attorney fees issued against Argentina following proceedings pursuant to the ICSID Convention on Argentina's application to annul the Award (the "Annulment Decision"). Pursuant to Article 54 of the ICSID Convention and 22 U.S.C. § 1650a, arbitral awards issued under the ICSID Convention, including both the Award and the Annulment Decision, are not subject to collateral attack and must be enforced and given the same full faith and credit as if the award were a final judgment of a court in the United States.
Accordingly, Titan requests that this Court (1) enter an order enforcing the Award and the Annulment Decision in the same manner as a final judgment issued by a court of one of the several states, and (2) enter judgment against Argentina and in Titan’s favor in the amounts of $325,272,319 plus interest.
- Teinver SA - Transportes de Cercanias SA - Autobuses Urbanos del Sur SA v Argentine Republic - ICSID Case No. ARB/09/1 - Award of the Tribunal - English - 21 July 2017
- Teinver SA - Transportes de Cercanias SA - Autobuses Urbanos del Sur SA v Argentine Republic - ICSID Case No. ARB/09/1 - Award of the Tribunal - Spanish - 21 July 2017