U.S. Company Seeks $57.46M From Dominican Republic In ICSID Contract Breach Claim

Mealey's ( May 24, 2023, 11:39 AM EDT) -- WASHINGTON, D.C. — The International Centre for Settlement of Investment Disputes (ICSID) published a U.S. asphalt company’s memorial on the merits of its claim that the Dominican Republic breached investment treaty obligations by terminating a contract with the company for delivery of millions of gallons of asphalt, writing that the government abruptly stopped payment in 2020 after a new administration came into power....