ICSID Rejects Canadian Investor’s Claims Of Costa Rican Gold Mine Expropriation

(June 8, 2021, 2:07 PM EDT) -- WASHINGTON, D.C. — An International Centre for Settlement of Investment Disputes (ICSID) tribunal on June 3 rejected the bulk of a Canadian investor’s claims against the Republic of Costa Rica, including for alleged expropriation of its investment in an open-pit gold mine, writing that while Costa Rica’s legislative ban on mining was unfair, no damages could be awarded as the mining license at issue was appropriately annulled....