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Thursday
May172012

Repsol moves toward Arbitration in Dispute with Argentina

Dispute Over Buenos Aires Nationalization of Company

Fox News Latino
May 15, 2012

As the first step towards invoking international arbitration, Spanish Oil Major Repsol sent a letter to the Argentine President proclaiming a dispute over the nationalization of one of its company’s branches. In additional to pursuing legal action, the parties will go to ICSID if they can’t resolve the issues on compensation within six months.

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