Region: Latin America & Caribbean

Mexican satellite fraud claim fails at ICDR

Luxembourg-based satellite operator SES has applied to enforce a costs award after fending off fraud claims brought by a Mexican business partner in an ICDR arbitration.

21 January 2021

Chile threatened over airport pandemic disruption

Two French airport operators have threatened Chile with an ICSID claim after their billion-dollar concession for Santiago’s international airport was severely disrupted by measures taken in response to the covid-19 pandemic.

20 January 2021

Venezuela settles beef with cattle farmers

The administration of Venezuela’s opposition leader Juan Guaidó has agreed to pay around US$110 million to satisfy an ICSID award won by a British family business over the expropriation of its cattle farms.

20 January 2021

HSBC threatens El Salvador over court delay

An affiliate of British bank HSBC has threatened El Salvador with an ICSID claim over its Supreme Court’s delay in considering an appeal against a US$50 million judgment.

19 January 2021

Disputes arise from Colombian hydro disaster

UPDATED: A Colombian public utility is seeking US$1.6 billion from a Spanish insurer following the collapse of a hydroelectric dam which caused a major flood, while another billion-dollar dispute with the consortiums behind the project has also gone to arbitration.

18 January 2021

Crystallex can proceed with sale of PDVSA refinery

A Delaware court has granted Canadian miner Crystallex permission to sell shares in the US refinery business owned by Venezuela’s national oil and gas company PDVSA, saying each day the creditor cannot collect its US$1.6 billion ICSID award is an “affront” to the US judicial system.

15 January 2021

Chile defeats ICSID claim over bus network

An ICSID tribunal has dismissed a US$354 million claim against Chile brought by Colombian investors in a concession for a public bus system in Santiago, finding that the impact of fare evasion and vandalism did not amount to indirect expropriation by the state.

12 January 2021

Bolivian state entity settles cable-car dispute

A Bolivian state entity has paid to settle an arbitration with an Austrian contractor over a US$750 million project to develop the world’s largest cable-car system.

07 January 2021

Pakistani airline assets frozen in BVI

A court in the British Virgin Islands has attached assets belonging to Pakistan’s national airline – including interests in two hotels in New York and Paris – at the request of an Australian mining venture seeking to enforce a US$6 billion ICSID award.

05 January 2021

Peru faces claim over telecoms networks

A US infrastructure services company has filed a new ICSID claim against Peru, two years after it lodged an ICC claim over a terminated project for rural telecommunications networks in the country.

05 January 2021

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