Split Tribunal Orders Colombia To Pay Investor $10M For Nickel Royalties Dispute

(June 25, 2024, 11:12 AM EDT) -- WASHINGTON, D.C. — The International Centre for Settlement of Investment Disputes (ICSID) on June 24 published a split tribunal’s award finding that the Republic of Colombia breached its obligations toward a British investor by improperly assessing royalties owed by the investor’s wholly owned Colombian subsidiary for its nickel mining activities under a national concession agreement....