|
In the aftermath of the sovereign debt restructuring (SDR) that was implemented by Argentina, aggrieved bondholders who did not accept the conditions of the debt exchange took different legal avenues to recover the amounts invested. Whereas some of them initiated actions before national courts, other investors decided to lodge their complaints with the International Centre for Settlement of Investment Disputes (ICSID) and succeeded in obtaining favourable decisions on
jurisdiction. Certainly, the claims brought by bondholders under the bilateral investment treaty (BIT) between Argentina and Italy (Abaclat, Ambiente Ufficio and Alemanni) represent a turning point in the investment arbitration regime
|
Kembali