Businessman Michael Lee-Chin has served notice that he intends to submit to arbitration a claim against the government of the Dominican Republic seeking to recover more than US$300 million in damages for expropriating his investment in that country.
Los ministros de Industria y Comercio, José del Castillo y de Medio Ambiente, Bautista Rojas Gómez, anunciaron que República Dominicana obtuvo un triunfo histórico al salir airoso de un reclamo por 100 millones de dólares, en el marco de DR-CAFTA.
El ministro de Industria y Comercio, José Del Castillo Saviñón, consideró histórico el fallo que por primera vez obtuvo República Dominicana a su favor en un arbitraje internacional de inversión DR-Cafta por US$ 100 millones en contra del Estado dominicano.
An arbitration tribunal constituted under the France-Dominican Republic Bilateral Investment Treaty released an award last week ruling on the jurisdictional objections raised by the Dominican Republic in a claim brought by TCW and its parent company.
Pittsburgh-based Railroad Development Corporation (RDC) has hired former US trade agreement negotiator, Regina Vargo, and filed suit against the Guatemalan government under the investor-state provisions within Chapter 10 of CAFTA.
Foreign energy investors said on Friday that they warned the Dominican Republic it had to mend its crippled power sector months before filing a US$680 million (euro510 million) lawsuit against the country for lost electricity revenue.
The task no longer lies with interpreting investment treaties alone and trying to reform investment arbitration in general – but designing an entirely cohesive system for international environmental justice that is open to the actual victims of environmental disasters and not just the States that often fail to genuinely represent them.
The move followed a ruling of the Permanent Court of Arbitration that the Russian government must compensate almost two dozen Ukrainian companies for their losses incurred from the illegal annexation of Crimea in 2014.