IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 22 Dec 2008 | Removal date: open ended
Still in force

FDI: Treatment and operations, nes

On December 22, 2008, a law expropriating the Airlines Aerolineas Argentinas and Austral was promulgated. Aerolines Argentinas and Austral were the property of the Spanish group Marsans. Marsans reacted and claimed that this decision was 'arbitrary and illegal'.
The Argentinian government declared that both airlines were worth nothing since they made USD 832 million losses while Marsans argued they were worth USD 250 to 450 million.

AFFECTED COUNTRIES

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