AES: ICSID Issues ~$733M Award to Co. in Dispute With Argentina

AES Corp. says an arbitral tribunal of the International Centre for the Settlement of Investment Disputes issued an arbitration award in its favor for about ~$733m in damages.

• The tribunal ordered Argentina on May 30 to pay that amount to AES, which includes an award of costs, as well as accrued interest, AES said in a regulatory 8-K filing
  • The award is in connection with a treaty arbitration initiated by AES against Argentina pursuant to the US-Argentina bilateral investment treaty
• The tribunal found that certain measures taken by Argentina, beginning in late 2001, breached the BIT, AES says
• The issuance ...