Matter
Compania del Desarrollo de Santa Elena, S.A. v. Republic of Costa Rica (ICSID Case No. ARB/96/1)
- 17 February 2000United States
17 February 2000United States
Final Award
International Centre for Settlement of Investment Disputes
- Decision summary
- The Tribunal found that Costa Rica's expropriation of the Santa Elena property required compensation and awarded Compania del Desarrollo de Santa Elena, S.A. USD 16,000,000. Payment was due within 21 days, with simple interest at six percent per annum from the date of the Award if payment was late; each party was to bear its own arbitration expenses and the proceeding costs were to be borne equally.
Supporting details
5 participantsCompania del Desarrollo de Santa Elena, S.A.
Republic of Costa Rica
International Centre for Settlement of Investment Disputes
- Arbitrator
- L. Yves Fortier
- Arbitrator
- Elihu Lauterpacht
- Arbitrator
- Prosper Weil
3 months and 22 days later · 112 days
- 8 June 2000United States
8 June 2000United States
Rectification of Award
International Centre for Settlement of Investment Disputes
- Decision summary
- The Tribunal rectified paragraph 27 of the Award by deleting the words 'not' and 'any', rectified paragraph 45 by substituting 'Mr. Beauchamp' for 'Mr. Landauer', and denied rectification of paragraph 61(iii). Each party was to bear its own expenses, with costs borne equally.
Supporting details
2 participantsCompania del Desarrollo de Santa Elena, S.A.
Republic of Costa Rica
International Centre for Settlement of Investment Disputes