Tribunal Dismisses Objections To Company’s $10B Claim Over Rights To Shipwreck

(May 24, 2024, 10:11 AM EDT) -- THE HAGUE, Netherlands — The Permanent Court of Arbitration (PCA) published a tribunal’s decision dismissing the Republic of Colombia’s objections to an American diving company’s claims against it for more than $10 billion in relation to its loss of rights to a Spanish galleon carrying treasure which sunk in 1708, finding that the company sufficiently pleaded that it is a protected investor and that its claims are within the applicable time limitations....

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