2022
Sea Search-Armada v. Colombia Sea Search-Armada, LLC v. The Republic of Colombia (PCA Case No. 2023-37)
Colombia
United States of America
Interests in predecessor companies with an underwater exploration permit to search for shipwrecks within a specified area of Colombia waters, issued by Colombia’s General Directorate of the Maritime and Port Authority in 1980.
Claims arising out of the Government’s conduct related to the discovery of the shipwreck of the famed Spanish galleon, the San José (Galeón San José), declaring it an asset of national cultural interest in 2020 and contesting the claimant’s entitlement to any share of the treasure. According to the claimant, one of its predecessors-in-interest discovered the shipwreck off the coast of Colombia in the 1980s, which allegedly entitles it to 50% of the value of the treasure.
Tertiary: H - Transportation and storage
52 - Warehousing and support activities for transportation
UNCITRAL
PCA (Permanent Court of Arbitration)
Drymer, S. L.
Jagusch, S.
von Wobeser, C.
10000.00 mln USD
Data not available
Indirect expropriation

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

Full protection and security, or similar

National treatment

Most-favoured nation treatment
Pending
None