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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
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
04 January 2019
After rejecting a string of DR-CAFTA claims against Costa Rica last year on jurisdictional grounds, a tribunal has told the parties that the award contains a “factual error” regarding the status of litigation in the country and asked whether they should correct it or terminate the case.
20 April 2017
Fresh from a win against a Spanish investor, Costa Rica has defeated a US$75 million ICSID claim brought by one of Mexico’s wealthiest families over alleged price-fixing in the liquefied petroleum gas market.
13 March 2017
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