Seda and others v. Colombia Monte Glenn Adcock, Stephen John Bobeck, Justin Tate Caruso and others v. Republic of Colombia (ICSID Case No. ARB/19/6)
United States of America
Investments in the construction of “Meritage”, a luxury real estate development project on a 560,000 square meters site in the city of Medellín.
Claims arising out of the Government’s seizure of property acquired by the Royal Development Group and the suspension of construction works for the claimants’ “Meritage” real estate project on this property, as a result of claims that previous owners used it for criminal activity.
Tertiary: F - Construction
41 - Construction of buildings
ICSID (International Centre for Settlement of Investment Disputes)
ICSID (International Centre for Settlement of Investment Disputes)
Low, L. A. (replaced)
Poncet, C.
Perezcano Diaz, H.
Sachs, K.
281.40 mln USD
Data not available
Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims

Direct expropriation