ICSID Denies Chile’s Request To Lift Stay Requiring Payment Of Costs

(April 25, 2018, 12:58 PM EDT) -- WASHINGTON, D.C. — The International Centre for Settlement of Investment Disputes (ICSID) on April 24 released an award in which a committee rejected a request by the Republic of Chile that a stay of enforcement of an award be lifted, requiring the former owner of a newspaper seized by the Chilean military to pay the costs of the award despite a pending annulment proceeding, but ordered that certain parts of the award were binding and could not be stayed (Victor Pey Casado and Foundation Presidente Allende v. Republic of Chile, No. ARB/98/2, ICSID)....

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