Arbitral Digest

Matter

Talsud, S.A. v. United Mexican States (ICSID Case No. ARB(AF)/04/4)

Case no.
ARB(AF)/04/4
Seat
United States
Applicable rules
ICSID Additional Facility Rules
  1. 16 June 2010United States

    16 June 2010United States

    Award in the conjoined ICSID Cases Nos. ARB(AF)/04/3 and ARB(AF)/04/4 dated 16 June 2010

    International Centre for Settlement of Investment Disputes

    Decision summary
    The Tribunal dismissed the Respondent’s jurisdictional challenge against Gemplus S.A. and declared jurisdiction over the merits of the claims advanced by Gemplus S.A. and Talsud S.A. It found breaches of fair and equitable treatment and unlawful expropriation under the France and Argentina Bilateral Investment Treaties, ordered compensation and compound interest for Gemplus S.A. and Talsud S.A., awarded each claimant its arbitration costs, and dismissed all other claims except as stated in the operative part.

    Supporting details

    62 authorities · 21 participants
    Gemplus S.A.
    Representative
    Philippe Sands QC (For: Gemplus S.A. · SLP S.A. · Gemplus Industrial S.A. de C.V. · Talsud S.A.)
    Representative
    David Fraser (For: Gemplus S.A. · SLP S.A. · Gemplus Industrial S.A. de C.V. · Talsud S.A.)
    Representative
    Edward Poulton Esqs (For: Gemplus S.A. · SLP S.A. · Gemplus Industrial S.A. de C.V. · Talsud S.A.)
    SLP S.A.
    Representative
    Philippe Sands QC (For: Gemplus S.A. · SLP S.A. · Gemplus Industrial S.A. de C.V. · Talsud S.A.)
    Representative
    David Fraser (For: Gemplus S.A. · SLP S.A. · Gemplus Industrial S.A. de C.V. · Talsud S.A.)
    Representative
    Edward Poulton Esqs (For: Gemplus S.A. · SLP S.A. · Gemplus Industrial S.A. de C.V. · Talsud S.A.)
    Gemplus Industrial S.A. de C.V.
    Representative
    Philippe Sands QC (For: Gemplus S.A. · SLP S.A. · Gemplus Industrial S.A. de C.V. · Talsud S.A.)
    Representative
    David Fraser (For: Gemplus S.A. · SLP S.A. · Gemplus Industrial S.A. de C.V. · Talsud S.A.)
    Representative
    Edward Poulton Esqs (For: Gemplus S.A. · SLP S.A. · Gemplus Industrial S.A. de C.V. · Talsud S.A.)
    Talsud S.A.
    Representative
    Philippe Sands QC (For: Gemplus S.A. · SLP S.A. · Gemplus Industrial S.A. de C.V. · Talsud S.A.)
    Representative
    David Fraser (For: Gemplus S.A. · SLP S.A. · Gemplus Industrial S.A. de C.V. · Talsud S.A.)
    Representative
    Edward Poulton Esqs (For: Gemplus S.A. · SLP S.A. · Gemplus Industrial S.A. de C.V. · Talsud S.A.)
    United Mexican States
    Representative
    Carlos Véjar Borrego (For: United Mexican States)
    International Centre for Settlement of Investment Disputes
    Tribunal secretary
    Evgeniya Rubinina
    Tribunal secretary
    Tomás Solís
    Institutional administrator
    Alison G. FitzGerald
    Other

    Authorities cited

    62
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      case-law
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      case-law
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      case-law
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      case-law
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      treaty
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      statute
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      treaty

Matter record

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Talsud, S.A. v. United Mexican States (ICSID Case No. ARB(AF)/04/4) · Matter