Colombia

Colombia

NO. Year of initiation Short case name Full case name Applicable IIA Arbitral rules Administering institution Summary Details of investment Outcome of original proceedings Respondent State Home State of investor Economic sector Economic subsector Arbitrators Amount claimed Amount awarded (or settled for) Breaches alleged Breaches found Decisions Individual opinions Follow-on proceeding type Follow-on proceeding status Follow-on decisions Follow-on individual opinions ICSID annulment committee members
1 2020 AFC v. Colombia AFC Investment Solutions S.L. v. Republic of Colombia (ICSID Case No. ARB/20/16) Colombia - Spain BIT (2005) ICSID ICSID Investment: Investments in Internacional Compañía de Financiamiento S.A.

Summary: Claims arising out of the forced liquidation of Internacional Compañía de Financiamiento S.A. ordered by Colombia’s financial regulatory authority (Superintendencia Financiera de Colombia) in 2015.
Investments in Internacional Compañía de Financiamiento S.A. Pending Colombia Spain Tertiary: K - Financial and insurance activities 64 - Financial service activities, except insurance and pension funding Name not available - President

Sacco, S. - Claimant

Name not available - Respondent
Data not available Data not available Data not available Pending Data not available Data not available None None None None None
2 2020 Neustar v. Colombia Neustar, Inc. v. Republic of Colombia (ICSID Case No. ARB/20/7) Colombia - United States TPA (2006) ICSID ICSID Investment: Ownership of .CO Internet S.A.S., a local telecommunications company holding a 10-year concession for the operation of the ”.CO” domain.

Summary: Claims arising out of a Government ministry’s decision not to renew the concession held by the claimant’s wholly-owned local subsidiary for the operation of the “.CO” domain name and to conduct a public tender process for the signature of a new contract.
Ownership of .CO Internet S.A.S., a local telecommunications company holding a 10-year concession for the operation of the ”.CO” domain. Pending Colombia United States of America Tertiary: J - Information and communication 63 - Information service activities Name not available - President

Hobér, K. - Claimant

Name not available - Respondent
350.00 mln USD Data not available Data not available Pending Data not available Data not available None None None None None
3 2020 South32 v. Colombia South32 SA Investments Limited v. Republic of Colombia (ICSID Case No. ARB/20/9) Colombia - United Kingdom BIT (2010) ICSID ICSID Investment: Shareholding of 99.9 per cent in Cerro Matoso S.A., a local company operating an integrated nickel laterite mine and smelter complex located in the Cordoba area of northern Colombia.

Summary: Claims arising out of the national comptroller office’s assessment of royalties for the exploitation of nickel that are allegedly owed to the State by the claimant’s local subsidiary Cerro Matoso.
Shareholding of 99.9 per cent in Cerro Matoso S.A., a local company operating an integrated nickel laterite mine and smelter complex located in the Cordoba area of northern Colombia. Pending Colombia United Kingdom Primary: B - Mining and quarrying

Secondary: C - Manufacturing
7 - Mining of metal ores

24 - Manufacture of basic metals
Name not available - President

Garibaldi, O. M. - Claimant (replaced)

Tawil, G. S. - Claimant

Jana Linetzky, A. - Respondent
Data not available Data not available Data not available Pending Data not available Data not available None None None None None
4 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 TPA (2006) ICSID ICSID Investment: 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).

Summary: 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.
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). Pending Colombia United States of America Tertiary: M - Professional, scientific and technical activities 71 - Architectural and engineering activities; technical testing and analysis Nunes Pinto, J. E. - President

Beechey, J. - Claimant

Kohen, M. G. - Respondent
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 Data not available Data not available None None None None None
5 2019 Glencore and others v. Colombia (II) Glencore International A.G., C. I. Prodeco S.A., and Sociedad Portuaria Puerto Nuevo S.A. v. Republic of Colombia (II) (ICSID Case No. ARB/19/22) Colombia - Switzerland BIT (2006) ICSID ICSID Investment: Concession contract for Puerto Nuevo, a public services port for the export of coal in the municipality of Ciénaga, northern Colombia.

Summary: Claims arising out of the building and maintenance of an access channel related to Puerto Nuevo, a port constructed and operated by the claimants under a 30-year concession agreement signed with Colombia’s national infrastructure agency in 2011.
Concession contract for Puerto Nuevo, a public services port for the export of coal in the municipality of Ciénaga, northern Colombia. Pending Colombia Switzerland Tertiary: H - Transportation and storage 52 - Warehousing and support activities for transportation Data not available Data not available Data not available Data not available Pending None None None None None None None
6 2019 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) Colombia - United States TPA (2006) ICSID ICSID Investment: Investments in the construction of “Meritage”, a luxury real estate development project on a 560,000 square meters site in the city of Medellín.

Summary: 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.
Investments in the construction of “Meritage”, a luxury real estate development project on a 560,000 square meters site in the city of Medellín. Pending Colombia United States of America Tertiary: F - Construction 41 - Construction of buildings Low, L. A. - Claimant (replaced)

Poncet, C. - Claimant

Perezcano Diaz, H. - Respondent

Sachs, K. - President
250.00 mln USD Data not available Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims

Direct expropriation
Pending None None None None None None None
7 2018 Carrizosa Gelzis v. Colombia (I) Alberto Carrizosa Gelzis, Enrique Carrizosa Gelzis, Felipe Carrizosa Gelzis v. Republic of Colombia (I) (PCA Case No. 2018-56) Colombia - United States TPA (2006) UNCITRAL PCA Investment: Shareholding in Banco Granahorrar, a Colombian bank.

Summary: Claims arising out of the Government’s allegedly disproportionate and discriminatory measures against Banco Granahorrar, including placing the bank under new management and its ultimate nationalization in 1998, as well as the Colombian Constitutional Court’s 2014 decision that no compensation was due to the claimants.
Shareholding in Banco Granahorrar, a Colombian bank. Pending Colombia United States of America Tertiary: K - Financial and insurance activities 64 - Financial service activities, except insurance and pension funding Ferrari, F. - Claimant

Douglas, Z. - Respondent (replaced)

Beechey, J. - President

Söderlund, C. - Respondent
323.00 mln USD Data not available Direct expropriation Pending None None None None None None None
8 2018 Carrizosa v. Colombia (II) Astrida Benita Carrizosa v. Republic of Colombia (II) (ICSID Case No. ARB/18/5) Colombia - United States TPA (2006) ICSID ICSID Investment: Shareholding in Banco Granahorrar, a Colombian bank.

Summary: Claims arising out of the Government’s allegedly disproportionate and discriminatory measures against Banco Granahorrar, including placing the bank under new management and its ultimate nationalization in 1998, as well as the Colombian Constitutional Court’s 2014 decision that no compensation was due to the claimants.
Shareholding in Banco Granahorrar, a Colombian bank. Pending Colombia United States of America Tertiary: K - Financial and insurance activities 64 - Financial service activities, except insurance and pension funding Kaufmann-Kohler, G. - President

Fernández Arroyo, D. P. - Claimant

Söderlund, C. - Respondent
40.00 mln USD Data not available Direct expropriation Pending None None None None None None None
9 2018 Galway Gold v. Colombia Galway Gold Inc. v. Republic of Colombia (ICSID Case No. ARB/18/13) Canada - Colombia FTA (2008) ICSID ICSID Investment: Ownership of the Reina de Oro and Coloro gold mines located in the Vetas mining district in northern Colombia.

Summary: Claims arising out of the Colombian Constitutional Court's decision to ban mining operations in the páramos, a range of high-altitude wetlands that serve as a primary source of the country’s water supply.
Ownership of the Reina de Oro and Coloro gold mines located in the Vetas mining district in northern Colombia. Pending Colombia Canada Primary: B - Mining and quarrying 7 - Mining of metal ores Siqueiros, E. - President

Bullard, A. - Claimant

Stern, B. - Respondent
196.00 mln USD Data not available Indirect expropriation

Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims
Pending Decision on the Respondent’s Preliminary Objections pursuant to Rule 41(5) of the ICSID Arbitration Rules dated 20 December 2019 None None None None None None
10 2018 Gran Colombia v. Colombia Gran Colombia Gold Corp. v. Republic of Colombia (ICSID Case No. ARB/18/23) Canada - Colombia FTA (2008) ICSID ICSID Investment: Mining rights over gold and silver deposits in the Segovia and Marmato municipalities in Colombia.

Summary: Claims arising out of the Government’s alleged failure to address civil strikes and other disruptions to the claimant’s mining projects caused by illegal artisanal miners and a guerilla group.
Mining rights over gold and silver deposits in the Segovia and Marmato municipalities in Colombia. Pending Colombia Canada Primary: B - Mining and quarrying 7 - Mining of metal ores Malintoppi, L. - President (replaced)

Hanotiau, B. - Claimant

Stern, B. - Respondent

Kalicki, J. E. - President
700.00 mln USD Data not available Data not available Pending None None None None None None None
11 2018 Red Eagle v. Colombia Red Eagle Exploration Limited v. Republic of Colombia (ICSID Case No. ARB/18/12) Canada - Colombia FTA (2008) ICSID ICSID Investment: Ownership of the 352-hectare Vetas gold mine.

Summary: Claims arising out of the Colombian Constitutional Court's decision to ban mining operations in the páramos, a range of high-altitude wetlands that serve as a primary source of the country’s water supply.
Ownership of the 352-hectare Vetas gold mine. Pending Colombia Canada Primary: B - Mining and quarrying 7 - Mining of metal ores Rigo Sureda, A. - President

Martínez de Hoz, J. A. - Claimant

Sands, P. - Respondent
40.00 mln USD (118.00 mln USD) Data not available Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims

Indirect expropriation
Pending Decision on the Respondent’s preliminary objections pursuant to ICSID Arbitration Rule 41(5) dated 16 December 2019 None None None None None None
12 2018 Telefónica v. Colombia Telefónica, S.A. v. Republic of Colombia (ICSID Case No. ARB/18/3) Colombia - Spain BIT (2005) ICSID ICSID Investment: Ownership of a local subsidiary Coltel that held concessions for the provision of mobile telecommunications services.

Summary: Claims arising out of the Government’s order that certain telecommunication assets be reverted to State control upon the expiry of the mobile concession contracts.
Ownership of a local subsidiary Coltel that held concessions for the provision of mobile telecommunications services. Pending Colombia Spain Tertiary: J - Information and communication 61 - Telecommunications Nunes Pinto, J. E. - President

Grigera Naón, H. A. - Claimant

Derains, Y. - Respondent
394.00 mln USD Data not available Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims

Indirect expropriation
Pending None None None None None None None
13 2017 Gas Natural v. Colombia Gas Natural Fenosa Electricidad Colombia S.L. and Gas Natural SDG S.A. v. Republic of Colombia (ICSID Case No. UNCT/18/1) Colombia - Spain BIT (2005) UNCITRAL ICSID Investment: Majority shareholding (85 per cent) in Electricaribe, a local electricity provider.

Summary: Claims arising out of the Government’s decision to seize and liquidate Electricaribe and other alleged actions, such as the harassment of the investor and its employees.
Majority shareholding (85 per cent) in Electricaribe, a local electricity provider. Pending Colombia Spain Tertiary: D - Electricity, gas, steam and air conditioning supply 35 - Electricity, gas, steam and air conditioning supply Drymer, S. L. - President

Schwartz, E. - Claimant

Mourre, A. - Respondent
1626.00 mln USD Data not available Direct expropriation

Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims
Pending None None None None None None None
14 2016 América Móvil v. Colombia América Móvil S.A.B. de C.V. v. Republic of Colombia (ICSID Case No. ARB(AF)/16/5) Colombia-Mexico-Venezuela FTA ICSID AF ICSID Investment: Ownership of local subsidiary Comunicación Celular, S.A. (“Comcel”) that held concessions for mobile phone services.

Summary: Claims arising out of measures that allegedly prevented the claimant’s Colombian subsidiary Comcel from freely using or selling its wireless telecommunications assets after the termination of its concession contracts. The challenged measures include, among others, the Colombian Constitutional Court’s decision of 2013 ordering the reversion of certain telecommunication assets to state control on a concession’s expiry or termination and the subsequent refusal of the Government to recognize Comcel’s property rights over those assets following the contract termination.
Ownership of local subsidiary Comunicación Celular, S.A. (“Comcel”) that held concessions for mobile phone services. Pending Colombia Mexico Tertiary: J - Information and communication 61 - Telecommunications Martínez de Hoz, J. A. - Claimant

Oreamuno Blanco, R. - Respondent

Radicati di Brozolo, L. - President
1020.00 mln USD Data not available Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims

Indirect expropriation
Pending None None None None None None None
15 2016 Cosigo Resources and others v. Colombia Cosigo Resources, Ltd., Cosigo Resources Sucursal Colombia, Tobie Mining and Energy, Inc. v. Republic of Colombia Colombia - United States TPA (2006) UNCITRAL Data not available Investment: Interests in the gold mining concession for the Taraira South mining site in south-eastern Colombia.

Summary: Claims arising out of a 2009 resolution that established the Yaigojé Apaporis national park and that was allegedly passed with significant procedural flaws. The establishment of the national park entailed the cessation of the mining activities at a gold ore deposit, for which the claimants signed an exploration and exploitation concession.
Interests in the gold mining concession for the Taraira South mining site in south-eastern Colombia. Pending Colombia United States of America Primary: B - Mining and quarrying 7 - Mining of metal ores Coleman, B. D. - Claimant

Name not available - President

Stern, B. - Respondent
16511.00 mln USD Data not available Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims

Direct expropriation
Pending None None None None None None None
16 2016 Eco Oro v. Colombia Eco Oro Minerals Corp. v. Republic of Colombia (ICSID Case No. ARB/16/41) Canada - Colombia FTA (2008) ICSID ICSID Investment: Mining rights held under a concession contract, comprising the Angostura gold and silver deposit in the Santurbán region of northeastern Colombia.

Summary: Claims arising out of the National Mining Agency’s decision (2016) that deprived the claimant of its mining rights in respect of 50% of the concession area (a gold and silver deposit) held by it since the mid-1990s. The relevant area was found to fall within the Santurbán Páramo, an environmental conservation zone. The Mining Agency’s actions followed the decision of Colombia’s Constitutional Court that broadened restrictions on mining in high-mountain ecosystems known as páramos (sources of the country’s freshwater supply), striking down legal provisions that had stabilised the rights of mining projects in those areas negotiated before 2010.
Mining rights held under a concession contract, comprising the Angostura gold and silver deposit in the Santurbán region of northeastern Colombia. Pending Colombia Canada Primary: B - Mining and quarrying 7 - Mining of metal ores Blanch, J. - President

Grigera Naón, H. A. - Claimant

Sands, P. - Respondent
764.00 mln USD Data not available Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims

Indirect expropriation
Pending None None None None None None None
17 2016 Glencore International and C.I. Prodeco v. Colombia (I) Glencore International A.G. and C.I. Prodeco S.A. v. Republic of Colombia (I) (ICSID Case No. ARB/16/6) Colombia - Switzerland BIT (2006) ICSID ICSID Investment: Ownership of C.I. Prodeco S.A., a thermal coal producer holding a concession for the Calenturitas mine in Northern Colombia.

Summary: Claims arising out of the Government’s alleged unlawful interference with the coal concession contract, including its initiation of proceedings to challenge the validity of the amendment agreed by the parties in 2010 and imposition of royalties allegedly in excess of what is owed under the contract.
Ownership of C.I. Prodeco S.A., a thermal coal producer holding a concession for the Calenturitas mine in Northern Colombia. Decided in favour of investor Colombia Switzerland Primary: B - Mining and quarrying 5 - Mining of coal and lignite Fernández-Armesto, J. - President

Garibaldi, O. M. - Claimant

Thomas, J. C. - Respondent
593.80 mln USD 19.10 mln USD Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims

Arbitrary, unreasonable and/or discriminatory measures
Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims

Arbitrary, unreasonable and/or discriminatory measures
Award dated 27 August 2019 None ICSID annulment proceedings Pending (ICSID annulment proceedings) None None Greenwood, C. - President

Cooper-Rousseau, B. - Member

Jones, D. - Member
NO. Year of initiation Short case name Full case name Applicable IIA Arbitral rules Administering institution Summary Details of investment Outcome of original proceedings Respondent State Home State of investor Economic sector Economic subsector Arbitrators Amount claimed Amount awarded (or settled for) Breaches alleged Breaches found Decisions Individual opinions Follow-on proceeding type Follow-on proceeding status Follow-on decisions Follow-on individual opinions ICSID annulment committee members
1 2017 Ríos v. Chile Carlos Ríos and Francisco Ríos v. Republic of Chile (ICSID Case No. ARB/17/16) Chile-Colombia FTA (2006) ICSID ICSID Investment: Interests in Inversiones Alsacia S.A. and Express de Santiago Uno S.A. that hold concession contracts as operators of Transantiago, the public transportation system in Santiago de Chile.

Summary: Claims arising out of the Government’s measures and conduct in relation to Transantiago, allegedly creating unfavourable operating conditions for the claimants’ subsidiaries and resulting in bankruptcy proceedings.
Interests in Inversiones Alsacia S.A. and Express de Santiago Uno S.A. that hold concession contracts as operators of Transantiago, the public transportation system in Santiago de Chile. Pending Chile Colombia Tertiary: H - Transportation and storage 49 - Land transport and transport via pipelines Garibaldi, O. M. - Claimant

Kaufmann-Kohler, G. - President

Stern, B. - Respondent
347.00 mln USD Data not available Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims

Full protection and security, or similar

National treatment

Indirect expropriation
Pending None None None None None None None