Region: Colombia

Billion-dollar award debt written off in UK restructuring

A UK court has approved a restructuring plan for a subsidiary of Houston-based construction group McDermott that will effectively extinguish a US$1.3 billion ICC award debt owed to a Colombian state-owned entity.

28 February 2024

Highway investor lodges claim against Colombia

The infrastructure arm of UK private equity firm InfraRed Capital has brought a treaty claim against Colombia over a highway construction project.

26 January 2024

Uría Menéndez and PPU promote in Madrid and Bogotá

Uría Menéndez has promoted Heidi López to partner in Madrid, while its Latin American affiliate Philippi Prietocarrizosa Ferrero DU & Uría has promoted Juan Sebastián Arias to its partnership in Bogotá.

23 January 2024

Chinese miner brings claim against Colombia

A Chinese group has reportedly filed for arbitration against Colombia over the state’s alleged failure to protect a gold mine from attacks by illegal miners.

24 November 2023

Canadian miner secures funding for treaty claim against Colombia

A Canadian mining company says it has secured funding for its investment treaty claim against Colombia – which it said risked being discontinued over a failure to pay costs.

10 November 2023

Sunken treasure saga leads to mega-claim against Colombia

A US company is pursuing a US$10 billion investment treaty claim against Colombia over treasure in the wreck of a Spanish galleon that sank off the coast of Cartagena more than three hundred years ago.

14 September 2023

ExxonMobil faces claim over Colombian exit

A Canadian energy company says it is bringing claims against subsidiaries of ExxonMobil after the US group withdrew from an oil block in Colombia following the suspension of its fracking operations at the site.

28 July 2023

Colombian state entity reports billion-dollar win

Colombia’s state-owned oil company Ecopetrol says it has been awarded US$1 billion in damages in an ICC dispute with a US contractor over a troubled refinery in Cartagena.

08 June 2023

Port operator brings second claim against Colombian state entity

A US-owned port operator has reportedly launched an arbitration against a Colombian river authority over payments made more than two decades ago, having already filed a claim against the state-owned entity over the restricted entry of ships.

20 January 2023

Madrid utility threatens Colombia over corruption investigation

A publicly owned Madrid water utility has threatened Colombia with an investment treaty claim after its assets were frozen as part of a corruption investigation – a dispute that has already seen the Spanish government intervene.

13 July 2022

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