Brussels, 16/05/2012 (Agence Europe) - Following Argentina's seizure of control, in April, of its subsidiary YPF, Spanish oil company Repsol is about to take its first judicial step in calling for compensation at the International Centre for Settlement of Investment Disputes (ICSID), an institution of the World Bank. Repsol is seeking €10 billion.
In mid-April, Argentinean President Cristina Kirchner decided on a 51% nationalisation of local oil company YPF, until then a subsidiary of...