Costa Rica Property Investors Fight ICSID Award Redo

Law360, Washington (May 17, 2017, 7:51 PM EDT) -- U.S. real estate investors Wednesday asked a D.C. federal court for an emergency injunction to block an International Centre for Settlement of Investment Disputes tribunal from issuing a corrected award in a dispute over property the Costa Rican government took for a national park.

The arbitration tribunal’s decision to issue an amended award over an “error of omission” is time-barred under United Nations Commission on International Trade Law rules, Brett Berkowitz and sons Trevor and Aaron Berkowitz told the court. They asked for an emergency injunction...
To view the full article, register now.