The ruling recognizes the rectification request presented by the current management and represents an advance in the defense of the claims inherited from previous administrations.
The Procurement of the Treasury of the Nation He achieved a favorable result in the defense of the Argentine State before international courts, by reducing a millionaire conviction that had been imposed on the country for events originating in previous efforts.
The Court of Ciadi resolved to decrease the amount of compensation by 20% in the case “Webuild spa c/ Argentina”. The decision attended the rectification request presented on June 11 by the current management and constitutes an advance in the strategy of improving the country’s position against inherited claims.
The agency reaffirmed its commitment to firmly defend national interests
The controversy originated in the concession of the road connection Rosario -Victoria and in the measures adopted during the 2001 crisis, which resulted in the dissolution of the concessionaire bridges of the coastal SA and in an international arbitration driven by the investment company.
This litigation, like others that Argentina still faces, has been maintained for almost two decades as a result of decisions from previous administrations that committed the country in international courts.
Since the Treasury procurement, they stressed that the agency reaffirms its commitment to firmly defend national interests in all international litigation and arbitrations, using all the legal tools available to reduce the impact of inherited sentences and protect the common heritage of Argentines.
Source: Ambito
