Expropriation of Airlines: Government Opens Final Battle in U.S. to Avoid Paying $390 Million · Global Voices
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The Treasury Prosecution filed a request for review with the Washington Appeals Chamber to try to stop or delay the execution of the ICSID award for the expropriation of Argentine and Austral Airlines. If the case is rejected, the government could appeal to the U.S. Supreme Court.
The Treasury Office will request a further judicial review in Washington for the airline's state-of-the-art litigation.
Buenos Aires, 14 August (NA) -- The Argentine government decided to play its last letter in the U.S. Justice to try to avoid paying more than US$ 390 million for the expropriation of Argentine and Austral Airlines, in a dispute that has been dragging for more than a decade and that is currently in a decisive phase. The strategy aims to keep the judicial discussion open and to prevent the conviction from being firm and enforceable on assets of th…
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