Tag Archives: Abaclat
Class arbitrations have primarily been viewed as an instrument of the US legal system. However, given the international capability and procedural flexibility of arbitration, the scope that they offer for collective redress by consumers is attracting increasing interest.
Tribunal navigates the procedural minefield in Abaclat v Argentina, issuing its 17th procedural order
On 8 February 2013, the majority of the tribunal in the famous Abaclat and Others v Argentina case issued its 17th procedural order. The first such order dates back to 2008 and this will no doubt not be the last. … Continue reading
ICSID tribunal takes jurisdiction over 60,000 bondholder claims against Argentina for sovereign debt default
In its decision of 4 August 2011, a majority tribunal took a monumental decision to accept a “mass claim” under the ICSID rules in relation to Argentina’s debt default in 2002. Such was the controversy of the decision in Abaclat … Continue reading