An arbitration stemming from Chile’s 1973 expropriation of a newspaper during the coup d’etat that toppled then-Chilean President Salvador Allende has concluded with an arbitral tribunal siding with the current Chilean government.
The investment treaty case of Victor Pey Casado and President Allende Foundation v. Republic of Chile, filed in 1997, is the longest-running arbitration in the history of the International Centre for the Settlement of Investment Disputes. It is also one of the highest-profile international disputes in Chilean history.
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