Freshfields Bruckhaus Deringer represented Spanish energy firm Repsol in its ICSID arbitration with the Republic of Argentina to resolve a dispute concerning the seizure of its controlling share in YPF in 2012.

Subject to closing conditions, the case will be settled as part of a global settlement with the Republic.

The Freshfields team was led by partner Nigel Blackaby and counsel Lluis Paradell.

Nigel Blackaby commented "We are pleased that Repsol has found a settlement of its claims with Argentina. It has been a great pleasure and honour for the Freshfields team to work with Repsol and our colleagues at Uria Menendez in Madrid and Marval O'Farrell & Mairal in Buenos Aires in one of the largest ICSID arbitrations in history and its subsequent settlement. This case shows how international arbitration plays an important role in any strategy for early resolution of disputes with sovereigns."