Region: Colombia

A Canadian energy company says it is bringing claims against subsidiaries of ExxonMobil after the US group withdrew from an oil block in Colombia following the suspension of its fracking operations at the site.    

28 July 2023

Colombia’s state-owned oil company Ecopetrol says it has been awarded US$1 billion in damages in an ICC dispute with a US contractor over a troubled refinery in Cartagena.

08 June 2023

A US-owned port operator has reportedly launched an arbitration against a Colombian river authority over payments made more than two decades ago, having already filed a claim against the state-owned entity over the restricted entry of ships.

20 January 2023

A publicly owned Madrid water utility has threatened Colombia with an investment treaty claim after its assets were frozen as part of a corruption investigation – a dispute that has already seen the Spanish government intervene.

13 July 2022

UPDATED: London-listed mining group Anglo American has withdrawn an ICSID claim against Colombia over the blocked expansion of a coal mine after selling its stake in the project to Glencore, which is still pursuing its own treaty case. 

08 July 2022

A US-owned engineering company has launched an ICSID claim against Colombia after being hit with a billion-dollar fine following an investigation into a troubled oil refinery expansion project – as a Spanish water utility instructs counsel for another claim against the state.

07 April 2022

Florida’s Supreme Court has ruled that a Colombian craft beer company cannot compel arbitration of a US$500 million dispute with a private equity firm over alleged misuse of trade secrets.

28 March 2022

An ICSID tribunal has thrown out a Spanish banking investor’s US$50 million claim against Colombia on an expedited basis for being filed out of time.  

25 February 2022

An ICSID committee has upheld a US$19 million award in favour of Swiss mining group Glencore against Colombia, finding the tribunal was right to refuse to consider documents relating to allegations of corruption.

27 September 2021

A divided ICSID tribunal has found Colombia liable in a US$700 million claim brought by a Canadian mining company that was deprived of its right to operate within an environmental preservation zone.

13 September 2021