Organisation: Jones Lang LaSalle

A Greek contractor has applied to annul an ICSID award that dismissed its €417 million claim against Lebanon, while US investors seek to revive a US$256 million claim against Colombia that fell foul of an “essential security” defence.  

15 November 2024

UPDATED WITH AWARD: An ICSID tribunal has thrown out a US$256 million claim against Colombia over the seizure of land allegedly linked to organised crime, finding it fell within a treaty exception for measures aimed at protecting the state’s essential security interests.

28 June 2024