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Chadbourne & Parke LLP
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Argentina, Brazil, Mauritius, South Africa, United Kingdom, USA
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September 12 2012

The Internal Revenue Service notified the taxpayer that it is withdrawing a private ruling it issued earlier this year that said a company buying an operating wind farm did not have to allocate part of the purchase price to a long-term power contract that came with the project

Argentine instrumentality not the government's alter ego

Katten Muchin Rosenman LLP
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Argentina, USA
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March 4 2011

An instrumentality of the Republic of Argentina could not be deemed the government's alter ego based on its role in implementing Argentina's energy policies and thus was not liable for the country's bond debts

Azurix Corp. v. Argentine Republic (ICSID Case No. Arb0112), Annulment Proceeding, Decision of the Ad Hoc Committee, Sept. 1, 2009

King & Spalding LLP
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Argentina, USA
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November 17 2010

Azurix v. Argentina involved a U.S. company’s successful bid for privatization of an Argentinean company, owned and operated by the Province of Buenos Aires, which was in charge of providing potable water and sewage services in the Province. In 1999, Azurix, through its Argentinean subsidiary, ABA, paid the Province a Canon payment of approximately US$438.5 million, in exchange for a 30-year concession. Over the next several years, Azurix made additional capital contributions to ABA of almost US$113 million

Court holds New York Convention covers domestic awards that are “foreign in character”

Jorden Burt LLP
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Argentina, USA
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June 24 2010

A U.S. District Court has denied the Republic of Argentina’s motion to vacate a $185 million dollar arbitration award in favor of a British investor in Argentinean gas distribution

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In other news

Argentine instrumentality not the government's alter ego

Azurix Corp. v. Argentine Republic (ICSID Case No. Arb0112), Annulment Proceeding, Decision of the Ad Hoc Committee, Sept. 1, 2009

Court holds New York Convention covers domestic awards that are “foreign in character”

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