Split ICSID Tribunal:  Indirect Loss Claims May Proceed In Guatemalan Mining Dispute

(April 25, 2020, 6:41 PM EDT) -- WASHINGTON, D.C. — A divided International Centre for the Settlement of Investment Disputes (ICSID) tribunal in decisions issued March 13 and published April 10 held that a U.S. citizen and his company may pursue claims for indirect loss allegedly totaling more than $350 million from the Republic of Guatemala in connection with the alleged hampering of mining activities by a company for which they were shareholders (Daniel W. Kappes, et al. v. Republic of Guatemala, No. ARB/18/43, ICSID)....