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This session explores the landmark case of CMS Gas Transmission Company v. Argentina, investigated during the 2nd Annual General Counsel's Roundtable. In 1992, TGN, a privatized Argentine gas corporation, entered into a license agreement with the Argentine Government, guided by the Privatization Gas Law. This case highlights the implications of tariffs set by the US Producer Price Index (PPI) with periodic adjustments and their calculation in US dollars. The discussion centers on the regulatory landscape and international investment law impacts resulting from this case.
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