AES wins $733M ICSID arbitration award against Argentina for BIT breaches

AES CORP

Arbitral tribunal awarded AES ~$733 million in damages plus accrued interest from Argentina.
Argentina's measures starting in 2001 included dismantling remuneration system and withholding receivables.
45-day period for rectification or clarification; 120-day period for annulment application by either party.
Company cannot assure timing or success of enforcement; may attempt settlement but no guarantees.
Award follows treaty arbitration under US-Argentina bilateral investment treaty.

item 7.01

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