Region: Latin America & Caribbean

Mining company seeks to enforce against Colombia in royalty dispute

An Australian-owned mining company has asked a US court to enforce an ICSID award requiring Colombia to reimburse it for overpaid royalties.

05 March 2025

Honduras fails to knock out mega-claim over charter city

An ICSID tribunal has refused to throw out a US$11 billion claim against Honduras over its repeal of special economic zones, rejecting arguments that the US claimant should have exhausted local remedies before turning to international arbitration. 

28 February 2025

Rail consortium brings claim against Uruguay

An engineering consortium led by Spain’s Sacyr says it has brought an arbitration against Uruguay over outstanding payments relating to a US$1.5 billion rail project.

25 February 2025

Portuguese court confirms billion-dollar award against Venezuela

Toronto-listed mining company Gold Reserve says a Portuguese court has confirmed its decade-old investment treaty award against Venezuela now worth more than US$1.1 billion. 

25 February 2025

Latham promotes in New York

Santiago Bejarano, who has acted in a number of investor-state disputes relating to Latin America, has been promoted to partner at Latham & Watkins in New York. 

21 February 2025

Mexico hit with claim from chemicals group

UPDATED: A Czech chemicals group has filed an ICSID claim against Mexico after one of its cyanide production facilities in the country was destroyed.   

19 February 2025

Mexican utility settles with Spanish consortium

A Spanish construction consortium says that Mexico’s state-owned electric utility has paid a US$22 million LCIA award over cost overruns at a power plant project – as the utility faces a bid to enforce another award. 

14 February 2025

Dominican Republic suffers setback in fraud challenge

A US magistrate has said that a US$44 million UNCITRAL award won by a Jamaican-Canadian billionaire against the Dominican Republic should be upheld, despite the state alleging it was procured through fraud.

11 February 2025

Uruguay settles airline award

Uruguay has reportedly agreed to pay an affiliate of New York private equity firm Tenor Capital to settle an award over the collapse of the state’s flag carrier airline.

31 January 2025

Telecoms investor launches claim against El Salvador 

A Guatemalan telecoms group has made good on its threat to bring a US$130 million treaty claim against El Salvador over a plan to roll-out a 4G network, in the first known case brought under an investment agreement between five Central American states.

24 January 2025

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