U.S. Justice Forces Argentina to Pay USD 390 Million for Nationalization of Airlines · Global Voices
23 Articles
23 Articles
U.S. Justice Forces Argentina to Pay USD 390 Million for Nationalization of Airlines · Global Voices
Titan Consortium managed to get the Washington Appeals Chamber to confirm the conviction for the flag airline’s statisation in 2008, an award that the country has been unpaid for 16 months.
la Nacion
elciudadanoweb.comThe Court of Appeal rejected the country's request not to grant Titan Consortium's claim, which bought the right to litigate for the 2008 statehood; the fund called on the US justice system to allow it to trace and execute Argentine sovereign assets throughout the territory of that country.
The Court of Appeals of Columbia, in the United States, rejected the Argentine request to dismiss Titan Consortium's claim.The State had been convicted by ICSID for the expropriation of Cristina Kirchner to the Spanish group Marsans.
Argentina suffered a new judicial setback in the United States. The Court of Appeals of the District of Columbia rejected the request of the Argentine State to dismiss the lawsuit filed by Titan Consortium, which seeks to execute the ruling of the International Center for Settlement of Investment Disputes (CIADI) for the expropriation of Argentine Airlines. [...]
The United States Justice confirmed the conviction against the Argentine State for the expropriation of Argentine and Austral Airlines carried out in 2008 during the government of Cristina Kirchner. The ruling states that the country will have to face a payment of USD 390.9 million plus interest to the Titan Consortium fund. The decision was taken by the District Court of Appeals of Columbia, which rejected the appeal filed by Argentina and rati…
The Court of Appeals of Washington dismissed the Argentine appeal and set a statute of limitations of 12 years. A US$390.9 million judicial stand hits the national accounts following the decision of the Court of Appeals of the Columbia Circuit in the United States. The court upheld the ICSID award in favour of Titan Consortium for the establishment of Argentine Airlines in 2008, rejecting the Argentine government’s attempt to set a statute of li…
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