Spain’s Telefónica says it has won US$380 million in damages in an ICSID claim against Colombia over the reversion of assets relating to a telecom’s concession.

In a stock exchange filing today, the multinational says a tribunal found Colombia liable under its bilateral investment treaty with Spain for failing to provide fair and equitable treatment. […]

[…] It is said to be the “largest” investment arbitration award ever rendered against Colombia.

[…] Eduard Saura and Laura Cózar, partners at Accuracy were independent economic experts appointed by Telefónica.

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