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Carrizosa Gelzis v. Colombia (I) Alberto Carrizosa Gelzis, Enrique Carrizosa Gelzis, Felipe Carrizosa Gelzis v. Republic of Colombia (I)
Applicable IIA
Nationality of the parties
United States of America
Summary of matters at issue
Shareholding in Banco Granahorrar, a Colombian bank.
Claims arising out of the Government’s allegedly disproportionate and discriminatory measures against Banco Granahorrar, including placing the bank under new management and its ultimate nationalization in 1998, as well as the Colombian Constitutional Court’s 2014 decision that no compensation was due to the claimants.
Economic sector and subsector
Tertiary: K - Financial and insurance activities
64 - Financial service activities, except insurance and pension funding
Arbitral rules and administering institution
Data not available
Composition of tribunal
Name not available
Ferrari, F.
Douglas, Z. (replaced)
Name not available
Status/Outcome of original proceedings
Decisions rendered
Amount of compensation
323.00 mln USD
Data not available
IIA breaches alleged/found
Direct expropriation
Follow-on proceedings
Link to Italaw's case page