Red Eagle v. Colombia: Colombia’s Decisions to Protect Páramos Do Not Constitute a Violation of the Minimum Standard of Treatment vis-à-vis an Investor with No Vested Right
Kluwer Arbitration
MAY 22, 2024
To obtain an environmental license, the investor must obtain approval from the environmental authority of (i) an Environmental Impact Assessment and (ii) an Environmental Management Plan (“PMA”). The ANM further reiterated this in April, August 2017, and December 2019. Mr. Martínez de Hoz, an arbitrator in this case, dissented.
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