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.
After a 14-year dispute between Quiborax and the Bolivian government, the International Centre for Settlement of Investment Disputes (ICSID) rejected Bolivia’s application to annul a US$48.6mn award in favor of the Chilean mining company.