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U.S. Supreme Court To Hear BG Group PLC Appeal In Argentina Case-DJ


Monday, 10 Jun 2013 09:00am EDT 

Dow Jones reported that The U.S. Supreme Court has agreed to consider an appeal by British energy company BG Group PLC that seeks to restore a $185 million arbitration award it won against Argentina in 2007. BG alleged the Argentinean government destroyed its investments in the natural-gas distribution sector through a series of state actions during Argentina's 2001-2002 economic crisis. The Company also accused Argentina of threatening businesses with serious penalties if they challenged the emergency actions in the Country's courts. 

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