U.S. Court Affirms $185 Million Award for Investor in Argentinean Gas Co.

WASHINGTON, D.C. - A federal judge has affirmed a $185,285,485.85 arbitration award for a British investor in an Argentinean energy distribution company, saying that Argentina failed to show that the arbitration panel's findings violated any well settled law. Republic of Argentina v. BG Group PLC, No. 08-485 (D. D.C.).

Judge Reggie B. Walton of the U.S. District Court for the District of Columbia affirmed the arbitration award in favor of BG Group PLC on Jan. 21 after previously rejecting the Republic of Argentina's motion to vacate the award as contravening the Federal Arbitration Act or the Convention on the …