Mealey's Litigation Procedure - Spanish Oil Company Reaches $5 Billion Settlement With Argentina

Mealey's Litigation Procedure - Spanish Oil Company Reaches $5 Billion Settlement With Argentina

MADRID, Spain - A Spanish oil company on Feb. 25 announced that it has agreed to accept a $5 billion settlement in relation to claims asserted in arbitration before the International Centre for Settlement of Investment Disputes (ICSID) against the Republic of Argentina (Repsol, S.A., et al., v. Argentine Republic, ARB/12/38, ICSID).

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