Telefonica Asks U.S. Courts to Make Colombia Pay a $380M Award
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8 Articles
Telefonica Asks U.S. Courts to Make Colombia Pay a $380M Award
Colombia · Economy Key Facts —The move: Spain’s Telefonica has asked a US court to enforce an arbitration award of more than $380m against Colombia. —The award: An ICSID tribunal ruled for Telefonica on November 12, 2024, finding Colombia breached fair-and-equitable-treatment duties under the Spain-Colombia investment treaty. —The origin: A dispute over a “reversion clause” […] The post Telefonica Asks U.S. Courts to Make Colombia Pay a $380M Aw…
Telefónica filed an application with the District Court of Columbia in the United States against the Republic of Colombia on June 2. The legal action seeks the enforced execution of an arbitral award issued by the International Center for Settlement of Investment Disputes (CIADI), informed this newspaper sources familiar with the process. This decision obliges the Colombian State to pay compensation that, with interest, is estimated to be betwee…
Telefónica has applied to the U.S. Justice for the enforcement of the award of more than $500 million (€430.3 million) owed to it by the Colombian State following a dispute initiated in 1994. The ‘teleco’ took the decision on June 2nd to force Colombia to comply with the ruling of the ad hoc committee of the International Centre for Settlement of Investment Disputes (Ciadi) that rejected the appeal with which the country intended to suspend such…
Forbes España
Telefónica has applied to the U.S. Justice for the execution of the award of more than $500 million (€430.3 million) owed to it by the Colombian State following a dispute initiated in 1994. The ‘teleco’ made the decision on June 2 to force Colombia to comply with the ruling of [...] The Telefónica ticket comes to the U.S. Justice to force Colombia to pay it 430.3 million of an award appears first in Forbes España.
Telefónica has applied to a U.S. court for the enforcement of an ICSID award (the Center for Business-Government Dispute Settlement under the Bank's...
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