RSM v. Grenada RSM Production Corporation and others v. Grenada (ICSID Case No. ARB/10/6)
United States of America
Rights under a petroleum exploration agreement under which RSM would apply for, and Grenada would grant, a petroleum exploration licence within 90 days of the agreement’s effective date.
Claims arising out of the Government's refusal to grant RSM a petroleum exploration licence by considering that the application was untimely.
Primary: B - Mining and quarrying
6 - Extraction of crude petroleum and natural gas
ICSID (International Centre for Settlement of Investment Disputes)
ICSID (International Centre for Settlement of Investment Disputes)
Rowley, J. W.
Nottingham, E.
Tercier, P.
Decided in favour of State
500.00 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

Customary rules of international law

Arbitrary, unreasonable and/or discriminatory measures
None - jurisdiction declined