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Print articleArbitration Threat: BG Group v. Argentina
November, 2013 - John Jay Range and Gustavo Membiela
On December 2, 2013 the US Supreme Court will hear oral arguments in BG Group v. Argentina, addressing for the first time the applicable rules when a US court reviews an international arbitral award made under a bilateral investment treaty. This case has earned the attention of the international arbitration community, given its potential impact on future arbitral practice in the United States and abroad.
The BG Group case stems from an investor-state arbitration in which BG Group, an investor based in the United Kingdom, obtained a $185 million judgment against Argentina; one of the many investment arbitrations filed against Argentina in the wake of its economic collapse in 2001. Foreign investors allege that the emergency laws passed by Argentina to stabilize its economy cost them millions.
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