Arbitral Digest

Matter

Casinos Austria International GmbH and Casinos Austria Aktiengesellschaft v. Argentine Republic (ICSID Case No. ARB/14/32)

Case no.
ARB/14/32
Seat
France
Applicable rules
ICSID Arbitration Rules · ICSID Arbitration Rules in force as of April 2006
  1. 29 June 2018France

    29 June 2018France

    Decision on Jurisdiction dated 29 June 2018

    International Centre for Settlement of Investment Disputes

    Decision summary
    The Tribunal accepted jurisdiction over claims under Articles 2(1) and 4(1)-(3) of the Argentina-Austria Bilateral Investment Treaty, declined jurisdiction over claims under Article 3(1), ordered the parties to withdraw related domestic proceedings within two months, and reserved costs.

    Supporting details

    4 authorities · 10 participants
    Casinos Austria International GmbH
    Casinos Austria Aktiengesellschaft
    Argentine Republic
    Expert
    Fernando Garcia Pulles (For: Argentine Republic)
    Expert
    Alberto B. Bianchi (For: Argentine Republic)
    Expert
    Ismael Mata (For: Argentine Republic)
    International Centre for Settlement of Investment Disputes
    Arbitrator
    Hans van Houtte
    Tribunal secretary
    Alicia Martin Blanco

    Authorities cited

    4
    • Law No. 7020 of the Province of Salta (Law No. 7020)
      statute
    • ICSID Convention (Convention on the Settlement of Investment Disputes between States and Nationals of Other States, 1965)
      statute
    • Argentina-Austria Bilateral Investment Treaty
      statute
    • Vienna Convention on the Law of Treaties, 1969
      statute

    3 years, 4 months and 7 days later · 1225 days

  2. 5 November 2021France

    5 November 2021France

    Award dated 5 November 2021

    International Centre for Settlement of Investment Disputes

    Decision summary
    By majority, the Tribunal found that Argentina breached Articles 4(1) and 4(2) of the Argentina-Austria Bilateral Investment Treaty through unlawful expropriation, awarded USD 21,660,000 with 4% annual compound interest from 13 August 2013, awarded specified arbitration costs in USD and EUR with interest, and rejected the remaining claims.

    Supporting details

    3 authorities · 10 participants
    Casinos Austria International GmbH
    Casinos Austria Aktiengesellschaft
    Argentine Republic
    Expert
    Fernando Garcia Pulles (For: Argentine Republic)
    Expert
    Alberto B. Bianchi (For: Argentine Republic)
    Expert
    Ismael Mata (For: Argentine Republic)
    International Centre for Settlement of Investment Disputes
    Arbitrator
    Hans van Houtte
    Tribunal secretary
    Alicia Martin Blanco

    Authorities cited

    3
    • Law No. 7020 of the Province of Salta (Law No. 7020)
      statute
    • ICSID Convention (Convention on the Settlement of Investment Disputes between States and Nationals of Other States, 1965)
      statute
    • Argentina-Austria Bilateral Investment Treaty
      statute

    9 months and 4 days later · 277 days

  3. 9 August 2022France

    9 August 2022France

    Procedural Order No. 1 dated 9 August 2022

    International Centre for Settlement of Investment Disputes

    Decision summary
    The ad hoc Committee set the procedural rules and calendar for the annulment proceeding, including application of the ICSID Arbitration Rules in force as of 10 April 2006.

    Supporting details

    1 authority · 7 participants
    Argentine Republic
    Casinos Austria International GmbH
    Casinos Austria Aktiengesellschaft
    International Centre for Settlement of Investment Disputes
    Arbitrator
    Toby Landau
    Tribunal secretary
    Alicia Martin Blanco

    Authorities cited

    1
    • ICSID Convention (Convention on the Settlement of Investment Disputes between States and Nationals of Other States, 1965)
      statute

    5 months and 4 days later · 157 days

  4. 13 January 2023France

    13 January 2023France

    Decision on Stay of Enforcement dated 13 January 2023

    International Centre for Settlement of Investment Disputes

    Decision summary
    The ad hoc Committee refused Argentina's request for a continued stay of enforcement of the Award and reserved the costs of that request.

    Supporting details

    1 authority · 6 participants
    Argentine Republic
    Casinos Austria International GmbH
    Casinos Austria Aktiengesellschaft
    International Centre for Settlement of Investment Disputes
    Arbitrator
    Toby Landau

    Authorities cited

    1
    • ICSID Convention (Convention on the Settlement of Investment Disputes between States and Nationals of Other States, 1965)
      statute

    6 months and 12 days later · 193 days

  5. 25 July 2023France

    25 July 2023France

    Procedural Order No. 2 dated 25 July 2023

    International Centre for Settlement of Investment Disputes

    Decision summary
    The ad hoc Committee established arrangements for the annulment hearing, including its organization, schedule, conduct, transcription, interpretation, and logistics.

    Supporting details

    6 participants
    Argentine Republic
    Casinos Austria International GmbH
    Casinos Austria Aktiengesellschaft
    International Centre for Settlement of Investment Disputes
    Arbitrator
    Toby Landau

    1 month and 27 days later · 58 days

  6. 21 September 2023France

    21 September 2023France

    Procedural Order No. 3 dated 21 September 2023

    International Centre for Settlement of Investment Disputes

    Decision summary
    The ad hoc Committee recorded the parties' agreement that there would be no post-hearing briefs and ordered two rounds of simultaneous costs submissions and a process for transcript corrections.

    Supporting details

    6 participants
    Casinos Austria International GmbH
    Casinos Austria Aktiengesellschaft
    Argentine Republic
    International Centre for Settlement of Investment Disputes
    Arbitrator
    Toby Landau

    2 years, 1 month and 16 days later · 777 days

  7. 6 November 2025France

    6 November 2025France

    Decision on Annulment dated 6 November 2025

    International Centre for Settlement of Investment Disputes

    Decision summary
    The ad hoc Committee dismissed Argentina's Application for Annulment in its entirety, ordered Argentina to bear the costs, ordered payment of USD 618,285.92 for Casinos' legal fees and expenses, and ordered interest at 5 percentage points above the 12-month SOFR rate compounded annually from 30 days after dispatch until payment.

    Supporting details

    3 authorities · 6 participants
    Argentine Republic
    Casinos Austria International GmbH
    Casinos Austria Aktiengesellschaft
    International Centre for Settlement of Investment Disputes
    Arbitrator
    Toby Landau

    Authorities cited

    3
    • ICSID Convention (Convention on the Settlement of Investment Disputes between States and Nationals of Other States, 1965)
      statute
    • Articles on Responsibility of States for Internationally Wrongful Acts (ILC Articles on State Responsibility, 2001)
      statute
    • Vienna Convention on the Law of Treaties, 1969
      statute

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Casinos Austria International GmbH and Casinos Austria Aktiengesellschaft v. Argentine Republic (ICSID Case No. ARB/14/32) · Matter