Region: Costa Rica

Costa Rica has reached an agreement with the renewables arm of Italian energy company Enel to settle an ICSID arbitration over two hydroelectric plants.

21 February 2023

Costa Rica has defeated a Spanish businessman’s US$100 million ICSID claim over the closure of his chicken meat-processing business on public health grounds, avoiding liability findings or any award of damages.

01 July 2022

A Turkish construction company has launched an ICSID claim against Pakistan, while Costa Rica is facing a new claim at the centre brought by the renewables arm of Italian power company Enel.

14 October 2021

A Canadian mining company has applied to annul an ICSID tribunal’s decision not to award it any damages in a US$395 million claim against Costa Rica over a thwarted gold project.

04 October 2021

UPDATED: A divided ICSID tribunal has held Costa Rica liable in a third-party funded claim worth almost US$400 million brought by a Canadian gold mining company, while declining to award any damages.

04 June 2021

The Supreme Court of Costa Rica has confirmed a US$23 million ICC award against one of the country’s largest construction groups – despite the fact it had not signed the underlying arbitration agreement.

22 March 2021

A German family of ecotourism investors have threatened Costa Rica with an ICSID claim after their land was expropriated to build a hydropower plant.

19 March 2021

28 January 2020

28 January 2020

UPDATED WITH AWARD: An ICC tribunal has granted a Costa Rican state entity’s request to dissolve its joint venture with a Chinese counterpart in a politically sensitive dispute over a cancelled US$1.5 billion project to upgrade an oil refinery – while related criminal proceedings continue.

01 November 2019