ICSID Tribunal Dismisses Bus System Investors’ Claims Against Chile

Mealey's (January 14, 2021, 2:15 PM EST) -- WASHINGTON, D.C. — An International Centre for Settlement of Investment Disputes (ICSID) tribunal dismissed two Colombian investors’ claims that the Republic of Chile expropriated their investment in a bus system, finding that the republic was not liable for harms to the bus system investment from issues like vandalism and fare evasion and ordering the investors to pay the republic approximately $2.6 million in arbitration costs and attorney fees....

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