Latest development Oct 14, 2026
Argentina says it will petition the U.S. Supreme Court by December 2, 2026. Its 2027 budget reserves $1.1B for four ICSID cases, reported as this one, AES, Webuild and Saur.
The award
- Amount awarded
- About $321M plus interest and costs
- Current estimate
- D.D.C. judgment of $390.9M (December 10, 2024), plus post-judgment interest
- Award holder
- Titan Consortium 1 LLC, which bought the award’s economic rights from Burford Capital in 2018 (original claimants Teinver, Transportes de Cercanías and Autobuses Urbanos del Sur)
- Respondent
- Argentine Republic
- Forum
- ICSID ARB/09/1 · D.D.C. 21-cv-2250
Challenges
Annulment dismissed (2019). The D.C. Circuit affirmed the U.S. judgment on July 21, 2026, applying a 12-year limitations period and fixing the enforceable amount at $390.9M.
Enforcement
The D.D.C. authorized attachment and execution under §1610(c), effective September 28, 2026. No specific asset has been attached.
Recovered to date
None