Vivendi (Compañía de Aguas del Aconquija) v Argentina Case
Stanimir A Alexandrov
- Fair and equitable treatment standard — Full protection and security — International minimum standard — Indirect expropriation — Denial of justice — Taxation, double — Exhaustion of local remedies — Responsibility of states — Arbitration — Concession agreements — Contract claims — Treaty claim — Annulment
Published under the auspices of the Max Planck Foundation for International Peace and the Rule of Law under the direction of Rüdiger Wolfrum.
1 In 1994 the government of the Argentine Province of Tucumán decided to privatize the water and sewage services in the Province of Tucumán through a public tender. The concession was awarded to a consortium led by the Compagnie Générale des Eaux (General Company of Water) (‘CGE’), a French company with significant experience in water concessions (Corporations in International Law). The consortium formed a local company, Compañía de Aguas del Aconquija (Water Company of Aconquija) (‘CAA’). In May 1995, CAA entered into a 30-year concession agreement with the...