The company said an ICSID arbitral tribunal issued an award in its favor on May 30, 2025 in an treaty arbitration against Argentina under the US-Argentina bilateral investment treaty (BIT).

1. 01

   The company said an ICSID arbitral tribunal issued an award in its favor on May 30, 2025 in an treaty arbitration against Argentina under the US-Argentina bilateral investment treaty (BIT).

2. 02

   AES said the tribunal found that Argentina's measures beginning in late 2001 breached the BIT and ordered Argentina to pay AES about $733 million in damages, including costs, plus accrued interest.

3. 03

   The company said the measures covered by the award included dismantling the competitive, uniform remuneration system, withholding receivables owed to its subsidiaries, and imposing government-run investment programs that required those subsidiaries to reinvest the receivables in new power plants.

4. 04

   The company said the award triggers a 45-day period for either party to seek rectification or clarification and a 120-day period to seek annulment. It also said it cannot provide any assurance on the timing or success of enforcement or on the likelihood, substance or timing of any settlement.

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Original filing

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