Crystallex International Corp. v The Bolivian Republic of Venezuela ICSID Case No. ARB(AF)/11/2
In this briefing, Tom Leary considers how a dispute over one of the greatest undeveloped gold deposits in the world gave rise to one of the largest awards in ICSID history. On 4 April 2016, the Canadian gold-mining company Crystallex International Corporation secured an arbitral award of US$1.202 billion (plus pre- and post-award interest) for unfair and inequitable treatment and the unlawful expropriation of its investment in the Las Cristinas mining project.
Read full article here.