True Blue Development and others v. Grenada True Blue Development Limited, True Blue Services Limited, True Blue Management Limited, Polar Palms LLC and Circle Park Holdings LLC v. Grenada (ICSID Case No. ARB/21/37)
United States of America
Investments in a luxury hotel complex project, the Kimpton Kawana Bay Resort.
Claims arising out of the government’s actions related to a luxury hotel complex project in which the claimants had invested using a funding mechanism under Grenada’s citizenship by investment programme (CBI). Allegedly the government withdrew its earlier approval of a budget increase for the hotel construction project; it limited the spending of CBI funds and halted the approval of CBI applications by potential project investors.
Tertiary: F - Construction
Tertiary: I - Accommodation and food service activities
41 - Construction of buildings
55 - Accommodation
ICSID (International Centre for Settlement of Investment Disputes)
ICSID (International Centre for Settlement of Investment Disputes)
Miles, W. J.
Grigera Naón, H. A.
Berry, D. S.
Data not available
Data not available
Arbitrary, unreasonable and/or discriminatory measures

Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims

Umbrella clause

Most-favoured nation treatment

National treatment

Indirect expropriation
Not applicable - settled or discontinued before decision on liability