Legal News

ICSID—German investor's annulment application dismissed (Daimler Financial Services v Argentina)

Published on: 09 January 2015

Table of contents

  • Practical implications
  • What were the alleged grounds for annulment?
  • What did the Committee decide?
  • Failure to state reasons—art 52(1)(e)
  • Manifest excess of powers—art 52(1)(b)
  • Serious departure from a fundamental rule of procedure—art 52(1)(d)
  • Committee and decision details

Article summary

Arbitration analysis: on 7 January 2015, the ad hoc Committee in the annulment proceeding between Daimler, the German financial services company, and Argentina dismissed the claimant’s application for annulment in its entirety. In this article, we discuss the Committee’s decision.

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