Organisation: United Nations Commission on International Trade Law

Sunken treasure saga leads to mega-claim against Colombia

A US company is pursuing a US$10 billion investment treaty claim against Colombia over treasure in the wreck of a Spanish galleon that sank off the coast of Cartagena more than 300 years ago.

18 September 2023

Venezuela defeats dual-national’s pharma claim

A United Nations Commission on International Trade Law (UNCITRAL) tribunal has declined jurisdiction over a US$200 million investment treaty claim brought by a dual national against Venezuela over the expropriation of a pharmaceutical business.

07 August 2023

Odebrecht affiliate fails to overturn Peruvian irrigation award

A court in Lima has upheld a United Nations Commission on International Trade Law (UNCITRAL) award that terminated an Odebrecht consortium’s concession to expand an irrigation system in Peru.

29 June 2023

Third toll-road claim against Lima underway

A panel is in place at the Permanent Court of Arbitration to hear the third arbitration filed by an Odebrecht-linked consortium against the Peruvian municipality of Lima in a long-running dispute over the termination of a toll-road concession.

09 June 2023

Ecuador to pay Perenco arbitration award

Ecuador has agreed to pay Bahamian oil company Perenco its US$412 million International Centre for Settlement of Investment Disputes (ICSID) award to settle a long-running dispute over a tax on windfall revenues, while in a separate arbitration the state has been ordered to pay US$17 million to a Spanish-led consortium.

04 January 2023

Mining Disputes in Latin America

Featured in The Guide to International Arbitration in Latin America

The region’s mineral-rich resources and exploration potential makes it an attractive forum for investment. The interactions between investors and the host state, surrounding communities and other actors (such as service providers and business partners) all have potential to give rise to disputes.

15 September 2022

Unlock unlimited access to all Latin Lawyer content