RIO DE JANEIRO, BRAZIL - Titan Colotium investment fund brought a suit in New York courts against Argentina for US$320 million, based on the expropriation of Aerolíneas Argentinas, claiming that it failed to comply with payment of a ruling against the country ordered by the World Bank's arbitration court, the International Centre for Settlement of Investment Disputes (ICSID).
In 2019, the claimant was granted a favorable ruling by ICSID, but Argentina never paid. As a result, and given that there are no more instances to appeal within ICSID, on Wednesday (25) it lodged a "judgement enforcement" claim before . . .
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