The Latin America Regional Aviation Holding has intensified its legal dispute with Uruguay following the country’s failure to comply with the arbitral award related to the closure of Pluna.
The dispute concerned Uruguay’s national airline Pluna, where the Claimant, a Panamanian company – Latin American Regional Aviation Holdings S. de S.R.L. acquired in 2007 a 75% stake through its subsidiary Leadgate.
Dans l’affaire Seda et autres contre la Colombie concernant le projet immobilier Meritage à Medellin, le Centre international pour le règlement des différends relatifs aux investissements a annoncé le verdict en faveur de l’État colombien.
Le Cirdi avait infligé en février dernier une amende de 41,3 millions d’euros à l’État belge dans le cadre d’un différend avec la société de logistique DP World.
Two Nigerian properties located in the United Kingdom are on the verge of being taken over by a Chinese investor following an order granting the investor the right to enforce a $70 million investment treaty award against Nigeria.
Romania won the litigation case filed by the owner of the bankrupt insurer Astra Asigurari, Dutch-based Nova Group Investments controlled by the Adamescu family, according to a note published by the Romanian Ministry of Finance.
Chilean and Canadian partners of the Montecon consortium handling operations in the port of Montevideo have started an arbitration process for “damages and losses” worth up to US$ 600 million against the Uruguayan State.
A free-trade agreement between Peru and China, which has been in effect since 2009, protects investments and has allowed increased trade between the countries.