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ICSID upholds favorable ruling for our clients Gestión e Ingeniería IDC (Chile) and Flughafen Zürich (Switzerland), ordering US$ 45m compensation payment. 2019-04-24 · El Mercurio
On 15 April the International Centre for Settlement of Investment Disputes (ICSID) rejected a request to annul an award issued in 2014, upholding its original decision that the Republic of Venezuela should compensate our clients, Gestión y Ingeniería IDC (Chile) and Flughafen Zürich (Switzerland), a total sum of US$ 45m for the expropriation of the Isla Margarita airport concession.

It is the second ICSID ruling in favor of a Chilean company in the last year, after Quiborax against Bolivia, in which the company was also represented by BMAJ.

Read an article published in El Mercurio here (in Spanish)

Find more information about the ruling on the ICSID website here
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