|South America

Arbitration against the Argentine Republic : Arbitrators rule in favour of SUEZ environnement

SUEZ environnement welcomes the decision taken by the ICSID (International Centre for Settlement of Investment Disputes) on April 9th, 2015, sentencing the Argentine Republic to pay $405 million in damages for the prejudice suffered in relation with the termination of the Aguas Argentinas water and waste water management concession contract in Buenos Aires.