ICSID Dismisses El Salvador's Objections To Jurisdiction Under Investment Law

ICSID Dismisses El Salvador's Objections To Jurisdiction Under Investment Law

WASHINGTON, D.C. - The International Centre for Settlement of Investment Disputes (ICSID) on June 1 found that it lacked jurisdiction over claims asserted by a mining company and its subsidiaries against the Republic of El Salvador under the Dominican Republic-Central America-United States Free Trade Agreement (CAFTA) but found that ICSID has jurisdiction to hear the company's claims asserted under investment law and that those claims can now proceed to the merits phase of the arbitration (Pac Rim Cayman LLC v. The Republic of El Salvador, No. ARB/09/12, ICSID). Subscribers may view the decision on jurisdiction available within the full update.

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