Tribunal Dismisses Claims Asserted Over Wetlands In Costa Rican Development

Mealey's (September 20, 2018, 12:44 PM EDT) -- WASHINGTON, D.C. — After holding that at least one area of a residential development project in the Republic of Costa Rica contained wetlands and that Costa Rica failed to properly plead its counterclaim related to environmental damage, a tribunal for the International Centre for Settlement of Investment Disputes (ICSID) on Sept. 19 released its decision dismissing the claims (David R. Aven, et al. v. The Republic of Costa Rica, No. UNCT/15/3, ICSID)....