Arbitral Digest

Matter

David Aven et al. v. Republic of Costa Rica (ICSID Case No. UNCT/15/3)

UNCITRAL investor-state arbitration concerning environmental mitigation, the investment claims against Costa Rica and the allocation of costs.

  • Investor-state arbitration
Case no.
UNCT/15/3
Applicable rules
The UNCITRAL Arbitration Rules 2010

Procedural record

  1. 10 September 2015Arbitration

    4 months and 25 days later · 147 days

  2. 4 February 2016Arbitration

    2 months and 1 day later · 61 days

  3. 5 April 2016Arbitration

    2 months and 26 days later · 87 days

  4. 1 July 2016Arbitration

    4 months and 24 days later · 147 days

  5. 25 November 2016Arbitration

    1 year, 9 months and 24 days later · 662 days

  6. 18 September 2018Arbitration

    18 September 2018Arbitration

    Final Award in David Aven et al. v. Republic of Costa Rica (UNCITRAL Case No. UNCT/15/3) dated 18 September 2018

    Decision summary
    The tribunal dismissed the claimants' claims and ordered the claimants to pay the respondent's share of the advances paid to ICSID for arbitrators' fees and expenses. It also directed the claimants to submit a mitigation plan concerning the environmental impacts of the investment.

    Participants

    David Richard Aven
    Samuel Donald Aven
    Carolyn Jean Park
    Eric Allan Park
    Jeffrey Scott Shioleno
    David Alan Janney
    Roger Raguso
    Republic of Costa Rica
    Institution
    Arbitrator
    Eduardo Siqueiros T.
    Arbitrator
    C. Mark Baker
    Arbitrator
    Pedro Nikken

Matter record

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David Aven et al. v. Republic of Costa Rica (ICSID Case No. UNCT/15/3) · Matter