Summary

Reproduced from www.worldbank.org/icsid with permission of ICSID. (Document, does not apply to summary and/or TDM IACL Case Report below).

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Case Report (free download)

Case Report by Juan Pablo Gómez-Moreno, Editor: Diego Luis Alonso Massa

Summary

Claimants brought an action for relief against Chile pursuant to the Colombia-Chile Free Trade Agreement (the 'FTA') alleging Chile breached, inter alia, fair and equitable treatment, full protection and security, most favored nation and expropriation protections in the FTA in relation to its investment in the public transportation system of the city of Santiago de Chile. The Tribunal considered the particular text of the FTA and concluded that Respondent did not breach any of its obligations.

Main issues

Relinquishment to other proceedings different to arbitration, determination of the dies a quo in continuing violations, standard of reasonable and certain expectations.

Carlos Rios and Francisco Rios v Republic of Chile ICSID Case No. ARB/17/16 - Award - 11 January 2021

Case report provided by International Arbitration Case Law (IACL)

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