2019
Amec Foster Wheeler and others v. Colombia Amec Foster Wheeler USA Corporation, Joint Venture Foster Wheeler USA Corporation and Process Consultants, Inc., and Process Consultants, Inc. v. Republic of Colombia (ICSID Case No. ARB/19/34)
Colombia
United States of America
Project management consultant contract with state-owned entity Refinería de Cartagena, S.A. (Reficar) related to the refurbishment of a local oil refinery (Cartagena Refinery).
Claims arising out of $2.4 billion liability imposed by the national comptroller general on the claimants’ joint venture for alleged acts of gross negligence or wilful misconduct in the expenditure of state funds related to the Cartagena Refinery modernization project. According to the claimants, the joint venture provided certain limited management consultancy services under a contract with state-owned Reficar, the party allegedly responsible for the misconduct.
Tertiary: M - Professional, scientific and technical activities
71 - Architectural and engineering activities; technical testing and analysis
ICSID (International Centre for Settlement of Investment Disputes)
ICSID (International Centre for Settlement of Investment Disputes)
Nunes Pinto, J. E.
Beechey, J.
Kohen, M. G.
Data not available
Data not available
Data not available
Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims

National treatment

Indirect expropriation

Umbrella clause
Pending
None