ICSID Ad Hoc Committee Rejects Award Annulment In Newspaper Seizure Row

(January 26, 2020, 9:18 AM EST) -- WASHINGTON, D.C. — An International Centre for Settlement of Investment Disputes (ICSID) ad hoc committee on Jan. 7 rejected an application for annulment of an arbitration award issued in 2016 in a dispute over a Chilean newspaper seized in 1975, noting that although the confiscation may have been illegal under Chilean law, there is no way to repair the damages via international law (Victor Pey Casado, et al. and Republic of Chile, No. ARB/98/2, ICSID)....