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2018
Red Eagle v. Colombia Red Eagle Exploration Limited v. Republic of Colombia (ICSID Case No. ARB/18/12)
Applicable IIA
Nationality of the parties
Colombia
Canada
Summary of matters at issue
Ownership of the 352-hectare Vetas gold mine.
Claims arising out of the Colombian Constitutional Court's decision to ban mining operations in the páramos, a range of high-altitude wetlands that serve as a primary source of the country’s water supply.
Economic sector and subsector
Primary: B - Mining and quarrying
7 - Mining of metal ores
Arbitral rules and administering institution
ICSID (International Centre for Settlement of Investment Disputes)
ICSID (International Centre for Settlement of Investment Disputes)
Composition of tribunal
Name not available
Martínez de Hoz, J. A.
Name not available
Status/Outcome of original proceedings
Pending
Decisions rendered
None
Amount of compensation
40.00 mln CAD (31.10 mln USD)
Data not available
IIA breaches alleged/found
Data not available
Pending
Follow-on proceedings
None
Link to Italaw's case page