2008
Marion Unglaube v. Costa Rica Marion Unglaube v. Republic of Costa Rica (ICSID Case No. ARB/08/1)
Costa Rica
Germany
Acquisition of land for the development of a tourism project in Costa Rica; particularly, ownership of certain properties on the Playa Grande peninsula.
Claims arising out of Mrs. Unglaube's alleged investment in the ecotourism industry in Costa Rica through the acquisition of land for the development of a tourism project and its subsequent alleged expropriation by the Costa Rican Government.
Tertiary: L - Real estate activities
68 - Real estate activities
ICSID (International Centre for Settlement of Investment Disputes)
ICSID (International Centre for Settlement of Investment Disputes)
Kessler, J. L.
Berman, F.
Cremades, B. M.
Decided in favour of investor
4.40 mln USD
3.10 mln USD
Indirect expropriation

Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims

Umbrella clause

Arbitrary, unreasonable and/or discriminatory measures
Indirect expropriation
None