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Procedural Issue Substantive Issue

Year the case was initiated2001
Year the award was rendered2007
Country involvedArgentina
Home country of the investorUnited States
Parties to the disputeEnron Corporation and Ponderosa Assets LP v. Argentina (ICSID Case No. ARB/01/3)
Sector1
Type of investmentnatural gas transportation company
Nature of dispute / claimclaims arising out of certain tax assessments allegedly imposed by some Argentinean provinces in respect to a gas transportation company as well as the Argentine Government's alleged refusal to allow tariff adjustments in accordance with the US Producer Price Index
Legal instrumentArgentina-United States BIT
Rules / VenuesICSID
Amount sought by investorup to US$ 582 million
Amount awarded / status of disputeUS$ 106,2 million awarded plus interest (2%);
annulment proceedings pending
ArbitratorsFrancisco Orrego Vicuña (Chair); Héctor Gros Espiell; Pierre-Yves Tschanz
Decisions renderedDecision on Jurisdiction issued on 14 January 2004;
Decision on Jurisdiction on ancillary claim issued on 2 August 2004;
Award issued on 22 May 2007;
Rectification Decision issued on 27 October 2007
Statusawarded in favor of the investor
Linkshttp://ita.law.uvic.ca/documents/Enron-Jurisdiction.pdf
http://www.worldbank.org/icsid/cases/enron-decision-en.pdf
http://www.investmentclaims.com/decisions/Enron-Award.pdf
Commentary (if any)
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