Tribunal Rejects Dominican Republic’s Request To Reduce $43.5M Landfill Award

(March 5, 2024, 1:47 PM EST) -- WASHINGTON, D.C. — An International Centre for Settlement of Investment Disputes (ICSID) tribunal rejected a request by the Dominican Republic to reduce a $43.5 million award in favor of a Jamaican landfill investor down to as low as $5.9 million after finding “no calculation errors” that would warrant rectification of the award and ordered the Dominican Republic to pay an additional $144,000 in attorney fees and costs....