Pac Rim v. El Salvador Pac Rim Cayman LLC v. Republic of El Salvador (ICSID Case No. ARB/09/12)
El Salvador
United States of America
Sole ownership of certain Salvadoran mining companies that held rights conferred by exploration licenses, authorizations and permits, including the right to a mining exploitation concession in the area known as "EI Dorado"; related capital expenditures.
Claims arising out of the Government's refusal to issue necessary mining licences for Pacific Rim’s El Dorado gold mining project in northern El Salvador due to alleged environmental concerns including the company’s use of certain chemicals in the extraction process.
Primary: B - Mining and quarrying
7 - Mining of metal ores
ICSID (International Centre for Settlement of Investment Disputes)
ICSID (International Centre for Settlement of Investment Disputes)
Veeder, V. V.
Tawil, G. S.
Stern, B.
Decided in favour of State
314.00 mln USD
Data not available
Indirect expropriation

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

National treatment

Most-favoured nation treatment

None - jurisdiction declined