MercoPress. South Atlantic News Agency
US Supreme Court rules for British Gas in arbitration case against Argentina
The US Supreme Court ruled on Wednesday for British company British Gas Group Plc in its effort to reinstate a 185.3 million dollars arbitration award against Argentina that a US appeals court threw out. Read full article
Comments
Disclaimer & comment rulesThe pirates have won!
Mar 06th, 2014 - 06:47 am - Link - Report abuse 0But will RGland pay up?
Mar 06th, 2014 - 09:51 am - Link - Report abuse 0Further proof, as if any were needed that any foreign company trying to 'do business' with RGland had better be prepared for 'losses'!
typical, Argentina worming it's way out of situations as usual
Mar 06th, 2014 - 10:40 am - Link - Report abuse 0@ 3 Falkland Islands
Mar 06th, 2014 - 10:51 am - Link - Report abuse 0No, they have had judgement against them!
They will NEVER pay unless coerced by an Astute / T45 sitting off Casa Rosada “test firing” into the S. Atlantic and given Camoron, that is unlikely to happen.
BG should look to the example of the Vulture Funds and seize Argentine assets elsewhere.
Mar 06th, 2014 - 11:09 am - Link - Report abuse 0@5
Mar 06th, 2014 - 11:14 am - Link - Report abuse 0Argentina has assets? Debts more like.
Nice to see my BG group shares doing so well. Started at £2-50 each. Currently standing at £11-00 each.
Mar 06th, 2014 - 11:56 am - Link - Report abuse 0NICE.
Hurrah for the pirates!
Mar 06th, 2014 - 11:57 am - Link - Report abuse 0Now pay up you Argentine colonists!
Is it time for a Troll sacrifice?
I'll light the bonfire. Put the kettle on and pass me another sausage roll!
Great way to treat the businesses that invest in your infrastructure.
Mar 06th, 2014 - 01:26 pm - Link - Report abuse 0If I am remembering correctly Argentina has lost every single one of these cases.
Mar 06th, 2014 - 01:59 pm - Link - Report abuse 0They should just negotiate them instead of dragging them out in court.
They are all falling at a really bad time now that all BCRA funds are gone.
I bet they won't pay...
Mar 06th, 2014 - 03:44 pm - Link - Report abuse 0@11
Mar 06th, 2014 - 04:26 pm - Link - Report abuse 0The new policy appears to be to mend fences in order to be allowed in from the cold, so I expect they will pay.
Condorito is right. The Ks are a touch just a touch less defiant than before the october by elections results. Besides they can agree to make payments but they won't be in office after the elections and then it'll be someone elses problem.
Mar 06th, 2014 - 07:42 pm - Link - Report abuse 0Waste of time Argentina doesn't have 185 pesos let alone £185million. Unless someone lends them money how will the deadbeats pay?
Mar 06th, 2014 - 11:44 pm - Link - Report abuse 0I can see the reserves dipping even lower.
Mar 07th, 2014 - 07:53 am - Link - Report abuse 0A great argument would be that Argentina has to pay immediately, as they obviously have the money as they have stated that they intend to pay billions on upgrading their weapons.
Surely thats a bad use of other peoples money and militarising the south atlantic?
NEver
Mar 07th, 2014 - 05:13 pm - Link - Report abuse 0Argentina always pays once they lose. It costs them so much money in interest, penalties and legal fees though.
Mar 08th, 2014 - 04:14 pm - Link - Report abuse 0Silly old hag ruining the country.
Food inflation is 100% and growing
Hmmm.... no trolls here?
Mar 08th, 2014 - 07:13 pm - Link - Report abuse 0Proves they are not serious about LatAm and only seek to insult and divert.
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