The dispute stemmed from the Andean nation’s ban of mining in moorland ecosystems known as páramos, to the detriment of Red Eagle Exploration Limited’s gold mining operation there.
March 06, 2024 at 10:01 AM
4 minute read
Latin America Correspondent
The original version of this story was published on Law.com International
A cross-office team at Latham & Watkins has clinched a victory for Colombia at the World Bank’s International Centre for Settlement of Investment Disputes over mining in an environmentally sensitive region.
Red Eagle Exploration Limited, a Canadian mining company represented by White & Case, had sought $130 million via a claim brought under the Canada-Colombia Free Trade Agreement.
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