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Cablegate: French Reaction to Engaging Euorpean Countries On

VZCZCXYZ0000
RR RUEHWEB

DE RUEHFR #1740 2611224
ZNR UUUUU ZZH
R 171224Z SEP 08
FM AMEMBASSY PARIS
TO RUEHC/SECSTATE WASHDC 4318
INFO RUCPDOC/USDOC WASHDC
RUEHRL/AMEMBASSY BERLIN 6852
RUEHMD/AMEMBASSY MADRID 2863
RUEHRO/AMEMBASSY ROME 8929

UNCLAS PARIS 001740

SENSITIVE
SIPDIS

STATE FOR EEB INVESTMENT AFFAIRS - J NATHANIEL HATCHER

E.O. 12958: N/A
TAGS: ECON KIDE AR FR
SUBJECT: FRENCH REACTION TO ENGAGING EUORPEAN COUNTRIES ON
INVESTMENT DISPUTES IN ARGENTINA

REF: SECSTATE 088697

1. (SBU) Per reftel request, Post shared points on Argentina
investment disputes with French Ministry of Finance officials on
August 19. Emboff followed up with Finance Ministry officials
September 16 and met with Hugo Hanne, Head of the Americas Division
and Vanessa Gouret, Deputy Head of Services, Investment and
Intellectual Property Division of the
Treasury and Economic Policy Directorate General at the Finance
Ministry.

2. (SBU) Hanne and Gouret confirmed that France shares the U.S.
analysis of Articles 53 and 54 of the International Centre for
Settlement of Investment Disputes (ICSID) Convention. They also
confirmed that a number of French companies face similar
difficulties in securing payment by Argentina of arbitral awards
under the ICSID. The French government is receptive to discussing
with U.S. officials a coordinated approach with the Argentine
government on ICSID obligations.

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