ICSID Won’t Nix Total’s Award In Argentina Investment Case

By Caroline Simson Law360, New York (February 2, 2016, 7:19 PM ET) -- An International Centre for Settlement of Investment Disputes committee has refused to annul a confidential award issued to the French oil and gas giant Total SA stemming from Argentina's alleged violations of a bilateral investment treaty, according to a Monday decision.The ICSID ad hoc committee rejected each of Argentina's arguments as to why the award should be set aside, including its contention that the tribunal Read more [...]

Argentina Resumes Holdout Creditor Talks

Shutterstock photo BUENOS AIRES—Argentina faces $9 billion in claims from holdout creditors entangled in a legal battle against the country in the U.S., a court-appointed meditator said late Monday. The estimate, which comes from Daniel Pollack, a New York-based attorney who is trying to help the parties resolve a dispute, is almost a $1 billion less than Argentina had previously acknowledged. Read more [...]

Rafael Nadal to Defend Title in 2016 ATP Argentina Open in Buenos Aires

Rafael Nadal may have had a disastrous stint at the 2016 Australian Open but that shocking development has not stopped the Spaniard dead on his track. According to Live Tennis, the world’s no. 5 has accepted an offer to appear at the 2016 ATP Argentina Open as a wildcard entrant in Buenos Aires from Feb. 8 to Feb. 14. This means that Nadal will be defending the title he won last year. However, his decision to join is seen by many as something tied up with his recent first-round exit at the Read more [...]

Messi will not play at Rio Olympics, says Argentina coach – Peninsula On

FC Barcelona's Argentinian striker Lionel Messi celebrates after scoring the 1-1 equalizer during the Spanish Liga Primera Division soccer match between FC Barcelona and Atletico Madrid played at Camp Nou stadium, in Barcelona, Spain, 30 January 2016. BUENOS AIRES: Lionel Messi will not chase a second Olympic soccer gold medal at the Rio de Janeiro Games in August, Argentina coach Gerardo Martino said on Monday. Martino added he did not want the Barcelona forward, who will Read more [...]

Messi to skip 2016 Olympics

Argentina coach, Gerardo Martino, has said that Lionel Messi will not play at the Olympics later this year.The Barcelona attacker helped his country win gold at the 2008 edition and it has been suggested that he could feature again in Rio de Janeiro.However, Martino has poured cold water on such speculations and explained that he will not put the 28-year-old at risk of injury.“Messi won’t go to the Olympic Games because there are a lot of competitions for the national team this year,” Martino Read more [...]

Rafael Nadal hopes Argentina Open will be start of good season

Rafael Nadal hopes the start of a good season for him begins at the Argentina Open in Buenos Aires on Feb. 8. Nadal has confirmed he will defend his title at the Argentina Open, his first tournament since his first round exit at the Australian Open in Melbourne. The Spaniard admitted he asked for the wildcard of the tournament as he tries to move on from the stunning defeat he suffered in the hands of his compatriot Fernando Verdasco, who took Nadal to another epic five-set battle. “The Read more [...]

Argentina manager: Messi will play in Copa America in US, not Olympics

Lionel Messi will play in Copa America Centenario but will not be available for selection for this summer's Olympics in Rio, Argentina manager Gerardo Martino told reporters on Monday. Martino cited the fact that there are various competitions during the year, such as the Copa America and World Cup qualifiers, and that Messi will be coming off another packed season with Barcelona. Messi, 28, would have been able to play in the Olympics as an over-age player, with nations able to take three players Read more [...]

NII Holdings completes sale of Nextel Argentina

NII Holdings, Inc. (NASDAQ: NIHD) has completed the sale of its Argentine operations, transferring the remaining 51 percent of its ownership interest to subsidiaries of Grupo Clarin, the company said. In connection with the sale, NII previously received USD178 million of aggregate net proceeds, including USD6 million of cash placed in escrow to secure specified indemnity obligations. NII Holdings, based in Reston, VA, offers differentiated mobile communications service including fully Read more [...]

Company Shares of Petrobras Argentina S.A. (NYSE:PZE) Rally 5.45%

Shares of Petrobras Argentina S.A. (NYSE:PZE) rose by 5.45% in the past week and 8.3% for the last 4 weeks. In the past week, the shares has outperformed the SP 500 by 3.64% and the outperformance increases to 14.09% for the last 4 weeks. The company shares have rallied 21.95% in the past 52 Weeks. On April 15, 2015 The shares registered one year high of $7.9 and one year low was seen on October 19, 2015 at $4.69. The 50-day moving average is $5.55 and the 200 day moving average is Read more [...]