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Investment treaty awardUnpaid

Saur International v. Argentina

Mendoza water concession

Headline amount
$40MPrincipal
Respondent
ArgentinaState
Awarded
May 22, 2014
Status
UnpaidNothing collected

Latest development Oct 15, 2026

The D.D.C. held Argentina’s response deadline in abeyance pending the Supreme Court’s handling of the Titan limitations question.

The award

Amount awarded
$40.0M plus 6% interest compounded annually from September 17, 2007, and costs of $0.7M and €1.5M
Current estimate
About $72M claimed, per Argentine press
Award holder
SAUR International S.A.S.
Respondent
Argentine Republic
Forum
ICSID ARB/04/4 · France–Argentina BIT

Challenges

An ICSID ad hoc committee denied Argentina’s annulment application on December 19, 2016.

Enforcement

D.D.C. No. 26-cv-1392 (Judge Mehta), filed April 23, 2026. On October 15, 2026 the court held Argentina’s response deadline in abeyance pending Argentina’s planned certiorari petition on the limitations period in Titan Consortium v. Argentina.

Recovered to date

None reported.

Notes

Argentine press names Saur among four cases covered by the $1.1B ICSID reserve in Article 49 of the 2027 budget bill. The allocation is not verified.