Colombia’s Security Defense Was Brought In Bad Faith, Investors Tell ICSID

Mealey's (December 6, 2022, 1:57 PM EST) -- WASHINGTON, D.C. — A group of American investors tell an International Centre for Settlement of Investment Disputes (ICSID) in a recently published rebuttal that the Republic of Colombia is using an “essential security” jurisdictional defense in bad faith against their claims for unlawful expropriation of land they purchased, despite bringing no allegations of impropriety or illegal conduct against them or the lot’s previous owners....