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2008
Quadrant Pacific v. Costa Rica Quadrant Pacific Growth Fund L.P. and Canasco Holdings Inc. v. Republic of Costa Rica (ICSID Case No. ARB(AF)/08/1)
Nationality of the parties
Costa Rica
Canada
Summary of matters at issue
Indirect controlling interests in five orange plantations in the Canton of "Los Chiles", located on the northern border of Costa Rica.
Claims arising out of the Government's alleged failure to enforce its laws for the protection of private property; particularly, its failure to address the continuing illegal trespass on claimants’ citrus farm holdings located in Costa Rica, causing damages to the investors' farm landholdings.
Economic sector and subsector
Primary: A - Agriculture, forestry and fishing
1 - Crop and animal production, hunting and related service activities
Arbitral rules and administering institution
ICSID (International Centre for Settlement of Investment Disputes)
ICSID (International Centre for Settlement of Investment Disputes)
Composition of tribunal
Garro, A. M.
Cremades, B. M.
Lowenfeld, A. F.
Status/Outcome of original proceedings
Discontinued
Amount of compensation
20.00 mln USD
Data not available
IIA breaches alleged/found
Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims

Full protection and security, or similar

National treatment

Most-favoured nation treatment
Not applicable - settled or discontinued before decision on liability
Follow-on proceedings
None
Link to Italaw's case page