Region: Latin America & Caribbean
Petroecuador settles oilfield dispute with Sinopec
Petroecuador has agreed to partially pay a US$64 million UNCITRAL award won by Chinese state-owned energy group Sinopec over three Amazonian oilfields.
07 December 2023
Canadian miner launches ICC claim against Panama
Canada’s First Quantum Minerals has filed an ICC claim against Panama after its copper mining concession was declared unconstitutional by the country’s Supreme Court – as two related investment treaty cases loom.
04 December 2023
Lima fails to dislodge arbitrators in highway dispute
The Peruvian municipality of Lima has failed to disqualify Luca Radicati di Brozolo and David Arias from hearing an UNCITRAL arbitration over a highway concession, having already filed a criminal complaint against the arbitrators.
29 November 2023
Panama faces ICSID claims after mining protests
Two Canadian mining investors have notified their intent to pursue ICSID claims against Panama over a copper concession that has been disrupted by popular protests.
27 November 2023
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
Mobile operator warns of ICSID claim against Chile
A private equity-managed mobile operator is reportedly preparing to bring an investment treaty claim against Chile concerning a dispute over a delayed project to roll out a 5G network.
24 November 2023
Chilean hydro project owner overturns US injunction
A New York state court has vacated an injunction that prevented the owner of a Chilean hydropower project from drawing on a US$90 million letter of credit pending an ICC arbitration with Austrian construction group Strabag.
24 November 2023
Exxon asks DC court to enforce Venezuela award
ExxonMobil has applied to a court in Washington, DC, to enforce an ICSID award worth over US$985 million plus interest and costs against Venezuela in a 16-year saga over the expropriation of two oil projects.
23 November 2023
Petrobras shareholders fail to revive mega-claim against Brazil
Two minority shareholders in Brazil’s national oil and gas company Petrobras have failed to persuade a São Paulo court to reinstate a jurisdictional award in a US$34 billion arbitration against Brazil arising from the Lava Jato corruption scandal.
22 November 2023
Ecuador loses final appeal over Chevron denial of justice award
The Dutch Supreme Court has rejected Ecuador’s challenge to an investment treaty award that found Chevron was denied justice when a local court ordered it to pay US$9 billion for environmental pollution.
22 November 2023