Since the company is registered in the Cayman Islands, a British Overseas Territory, it cites the Bilateral Investment Treaty between Belize and the government of the United Kingdom of Great Britain and Northern Ireland.
This arbitration case related to the construction of the railway and highway construction projects was initiated in accordance with the investment treaty between the United States of America and the Republic of Armenia.
The developers of the hotel project in Grenada say while an amiable settlement remains open, the “extensive damage to the project caused by the actions of the former government has severely complicated and handicapped the efforts towards settlement.
Le tribunal a rejeté l’objection de la Bolivie sur la compétence et, sur le fond, a conclu que la Bolivie avait violé la norme TJE et l’interdiction d’adopter des mesures arbitraires. BBVA s’est vu attribuer 94,8 millions USD en dommages-intérêts.
The tribunal rejected Bolivia’s objection on jurisdiction and, on the merits, found that Bolivia had breached the FET standard and the prohibition to adopt arbitrary measures. BBVA was awarded USD 94.8 million in damages.