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Cms Gas Transmission Company Vs Government Of

CMS Gas Transmission Company Vs. Government of Argentina

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Title: CMS Gas Transmission Company Vs. Government of Argentina

Essay Details:

Subject: Business

Author: Karen P

Date: March 2, 2013

Level: University

Grade: A

Length: 9 / 2669

Essay text:

Of the approximately 34 cases brought before the International Centre for the settlement of Investment Disputes (ICSID) in connection with Argentina’s economic crisis, this is the first to yield a merit award. The privatization: background to the disputes Argentine Republic in 1989, jurisdiction was made on economic and public utilities as well as participation of foreign investment. Gas transportation was one of the significant sectors to be included under this reform program. The privatization of TGN, was opened to investors by a means of public tender offer. In the claimant view, the legislation and regulation enacted as well as license, resulted in legal regime under which tariff were to be calculated in dollars conversion to pesos was to be effected at the time of billing and tariffs would be adjusted every six months in accordance with US Procured Price Index...

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