ICSID Issues Award, Finds Dispute Over Mining Project Is Time-Barred
(June 3, 2016, 9:51 AM EDT) -- WASHINGTON, D.C. – A tribunal for the International Centre for Settlement of Investment Disputes (ICSID) on June 1 released its award in an arbitration commenced by a Florida company against the Dominican Republic under the Dominican Republic-Central America-United States Free Trade Agreement (DR-CAFTA), finding that the case was time-barred and that the claimant failed to satisfy the conditions of DR-CAFTA (Corona Materials LLC v. Dominican Republic, No. ARB[AF]/14/3, ICSID).
(Award available. Document #05-160628-002A).
An ICSID tribunal on July 30, 2014, registered a request for arbitration...