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.
Schindler filed a notice of intent for arbitration on July 11. Under the ISD procedure, if the issue is not resolved through settlement in 90 days, the investor can take the case to the international tribunal.
Those with the means to become international wheeler-dealers can access ISDS. The rest of us have to rely on public courts—the same ones that investors say are “inadequate” to handle their needs. That’s not fair, and that’s not right.