ICSID Tribunal Awards $9.4M Against Colombia For Harming Marine Investment

(April 30, 2024, 1:56 PM EDT) -- WASHINGTON, D.C. — The International Centre for Settlement of Investment Disputes (ICSID) on April 29 published a tribunal’s award in favor of a Swiss investor and its Colombian subsidiaries, who won $9.4 million in damages against the Republic of Colombia after Colombia barred them from charging tariffs to companies and coal exporters using a channel at a port the claimants had constructed....

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