ICSID Refuses To Award $422M In Damages Related To Newspaper Seizure

(September 16, 2016, 12:01 PM EDT) -- WASHINGTON, D.C. — A tribunal appointed in a second arbitration involving claims asserted against the Republic of Chile in relation to the military seizure of a newspaper in the 1970s released an award on Sept. 14 in which it found that the former owner of the newspaper was not entitled to more than $422 million in damages and dismissed all claims (Victor Pey Casado and Foundation Presidente Allende v. Republic of Chile, No. ARB/98/2, ICSID).

(Award available. Document #05-160927-009A.)

On Nov. 7, 1997, Victor Pey Casado...
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