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What is Indirect Shareholding and Investor Rights about?

Indirect shareholders are included in the definition of an investor under bilateral investment treaties according to three arbitration cases summarized here. In Azurix v. Argentina and Gas Natural SDG S.A. v. Argentina, the tribunals found that indirect claims are permitted and that being an indirect shareholder does not preclude standing under the applicable BITs. Similarly, in Siemens v. Argentina, the tribunal rejected Argentina

Author

Vishesh Sharma

Language

EN