Region: Latin America & Caribbean

Canadian bank brings ICSID claim against Peru

A Canadian bank has brought an ICSID claim against Peru over a nearly 15-year long tax dispute, as a contractor turns to new counsel to challenge an award in a separate dispute with the Andean state.

25 November 2022

Lithium miner threatens treaty claim against Chile

A Chilean-Taiwanese mining venture is reportedly considering a US$2.5 billion treaty claim against Chile, alleging that plans to give a state-owned entity exclusive rights over a lithium deposit amount to an unlawful expropriation.

25 November 2022

Peru’s evidence in Odebrecht cases leads to rift with Brazil

Brazilian prosecutors have reportedly suspended cooperation with Peru on high-profile corruption investigations because of concerns about the state’s use of evidence in arbitrations relating to Odebrecht projects.

24 November 2022

Guatemala to settle ICSID power tariff feud

Guatemala has agreed to pay US$46 million to a US investor to settle a long-running dispute over electricity tariffs that went before four different ICSID panels.

24 November 2022

Mexico knocks out treaty claim over land seizures

An UNCITRAL tribunal has declined jurisdiction over a US$80 million claim brought against Mexico by a group of hotel investors over the seizure of properties in a tourist hotspot.

23 November 2022

Occidental wins damages over Venezuelan dividends

An UNCITRAL tribunal has ordered Venezuela to pay US$105 million to a Barbadian subsidiary of Occidental Petroleum after finding the state liable for discriminatory conduct in its payment of dividends from an oil and gas venture.

18 November 2022

Honduras sees DR-CAFTA disputes loom

UPDATED: A US investor has formally notified Honduras of its intent to bring a treaty claim potentially worth nearly US$11 billion over plans to repeal special economic zones, while the central American state has also been threatened by several energy companies.

11 November 2022

Miner hits Mexico with NAFTA claim over VAT rebates

A US precious metals producer has made good on its threat to file a NAFTA legacy claim against Mexico over its tax authorities’ refusal to grant VAT refunds on royalty payments.

11 November 2022

PDVSA may face multibillion claim over joint venture

UPDATED: Executives at a Dutch company say they are considering potential arbitration claims worth billions of dollars against PDVSA after the Venezuelan state entity expropriated their interest in a joint venture.

08 November 2022

Canadian mining company beats royalties claim in Chile

A Toronto-listed mining company says it has defeated a US$30 million royalties claim relating to a rare earth project in Chile.

03 November 2022

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