ICSID case UNCT/13/2 (Award)
ICSID · Investment (ICSID and treaty) · International (investor-state) · 30 May 2017
Why it matters
Spence International Investments and others v. the Republic of Costa Rica, an investment arbitration administered by ICSID, in which a foreign investor brought claims against a state under an investment treaty. For a student, it is a worked example of investor-state dispute settlement: how the tribunal weighs a state's right to regulate against the treaty protections (fair and equitable treatment, protection from expropriation) owed to foreign investors. The tribunal's reasoning and any award of damages are set out in the original.
Summary
Spence International Investments and others v. the Republic of Costa Rica: an investment arbitration award. The tribunal's full reasoning is set out in the original.
The detail
Parties: Spence International Investments and others v. the Republic of Costa Rica
Case number: Case No. UNCT/13/2
Outcome: Award in case UNCT/13/2. See the original for the disposition and any quantum.
Applicable law: UNCITRAL Arbitration Rules; the applicable trade agreement; ICSID-administered.
Issues in play: A foreign investor's treaty protections against a sovereign state's right to regulate.
Read the full decision at ICSID case database ↗
Locus Standi links to the source decision and publishes its own plain-language summary. It does not reproduce the text of the award.