ICSID Tribunal Award: No Jurisdiction Over Land Value Dispute

(March 10, 2020, 1:49 PM EDT) -- WASHINGTON, D.C. — The International Centre for Settlement of Investment Disputes (ICSID) tribunal, in an award published March 9, dismissed arbitration of a dispute between a British man and his company and the Government of the Democratic Socialist Republic of Sri Lanka over submerged land that had been intended for a hotel, finding that it lacked jurisdiction ratione materiae due to an undated agreement and questionable deed of transfer (Raymond Charles Eyre, et al. and Democratic Socialist Republic of Sri Lanka, No. ARB/16/25, ICSID)....

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