ICSID Issues Award, Dismisses $100M Damages Claim Over Resort In Panama

(October 16, 2018, 2:01 PM EDT) -- WASHINGTON, D.C. — A tribunal for the International Centre for Settlement of Investment Disputes (ICSID) on Oct. 12 entered an award in an arbitration commenced by a group of Costa Rican and Netherlands investors in a hotel and residential resort, dismissing the case against the Republic of Panama for lack of jurisdiction (Álvarez y Marín Corporación S.A. and others v. Republic of Panama, No. ARB/15/14, ICSID)....