Headquarters for The World Bank’s International Center for Settlement of Investment Disputes in Washington, DC. (Photo: ICSID)
Fernando Mantilla-Serrano, Latham & Watkins and Honduran President Xiomara Castro. (Latinvex collage/Images: Mantilla-Serrano, Honduran Govt)
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Wednesday, March 13, 2024
Latham & Watkins Secures Colombia ICSID Victory
Honduras denounces ICSID Convention amidst $11 billion dispute.
BY LATINVEX STAFF
Latham & Watkins secured a complete victory for Colombia at the World Bank’s International Centre for Settlement of Investment Disputes in an arbitration initiated by Canadian junior mining company Red Eagle Exploration Limited; Honduras has formally notified the ICSID that it is leaving the dispute body just as it was assessing an $11 billion dispute with Honduras Prospera, an autonomous “free zone,” which leftist president Xiomara Castro has said she does not recognize.
Keywords: Arbitration & Litigation, Honduras, ICSID, Latham & Watkins, Mining
