State of Costa Rica Sued Over Tourism ProjectA group of U.S. investors is suing the state for $70 million alleging violation of DR-CAFTA preventing the development of real estate project Las Olas in Puntarenas.Tuesday, July 22, 2014
The lawsuit filed with the International Centre for Settlement of Investment Disputes (ICSID) by a group of investors led by David Richard Aven notes that "... national authorities treated them unfairly, in relation to a real estate development project in the Esterillos beach area in the Central Pacific. They also claim that the Free Trade Agreement (FTA) with their country was violated. " Source: Crhoy.com ¿Busca soluciones de inteligencia comercial para su empresa?Government Wins Arbitration Against EmployersSeptember 2018 An international tribunal has ruled in favor of the Costa Rican government in a legal process in which US investors denounced arbitrary actions in the development of a real estate project in Esterillos beach. El Salvador Wins International Arbitration Against Mining CompanyAugust 2013 The U.S. Commerce Group had sued the Salvadoran government for $100 million, over the revocation of environmental permits for a mining project. Mining Lawsuit Against El Salvador DismissedMarch 2011 The International Center for Settlement of Investment Disputes dismissed a lawsuit filed by Commerce Group. Possible Arbitration Changes in DR-CAFTAOctober 2009 The passing of Trade Act 2009 in the U.S. could modify arbitration regulations in DR-CAFTA.
×
ok |
|