Judge Finds Jurisdiction Over Nicaragua’s Bid To Enforce $1.5M Fee Award

Mealey's ( October 18, 2024, 10:34 AM EDT) -- SAN FRANCISCO — A California federal judge denied a motion filed by trustees of a family trust to dismiss a petition filed against them by the Republic of Nicaragua seeking to enforce an International Centre for Settlement of Investment Disputes (ICSID) award for more than $1.5 million in attorney fees with compound interest, which it won in 2023 after prevailing in an oil investment arbitration brought by the trust and its co-claimants....