Colombia: Clyde & Co At The Annual Colombian Briefing
Last Updated: 7 July 2016

Chaired by Carlos Sanchez of Duran & Osorio, Clyde & Co's Angela Carazo-Gormley (Senior Associate) and Anne-Sophie Petitdemange (Associate) presented on the topic of investment arbitration with a focus on Colombia.

Anne-Sophie provided an introduction to investment arbitration, treating the topics of jurisdictional requirements and substantive protections under investment treaties offered to investors to protect against State interference with the foreign investment (e.g. fair and equitable treatment, national treatment, expropriation etc.) as well as dispute resolution under such treaties.

Given the marked increase in investment disputes over the last 10 years (both ICSID and non-ICSID and both against developing and developed countries), and that several claims have been brought against Latin American countries, Angela explained the current status of two arbitration claims brought against the Republic of Colombia: Cosigo Resources Ltd. & others v. Colombia and Glencore International A.G. and C.I. Prodeco S.A. v. Colombia. She also commented on potential claims in the pipeline.

Culminating with a Q&A session led by Carlos, Angela and Anne-Sophie, the event was a great success, enabling practitioners and those with an interest in Colombia to discuss the topic of investment protections and disputes in the region.

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