Painting of the explosion of the San José galleon during a battle in 1708 between a British squadron and the Spanish treasure fleet, part of the War of the Spanish Succession. The ship was laden with gold, silver and emeralds believed to be worth billions of dollars. Oil on canvas by Samuel Scott. Credit: Wikimedia Commons Colombia Attempts to Toss Case Over $20 Billion in Sunken Treasure
Arbitrators must decide whether treasure hunters have rights to a potential bounty of gold, silver and gems from a Spanish galleon that sank off the coast of Cartagena more than three centuries ago.
December 14, 2023 at 04:59 PM
3 minute read
Colombia is facing down a decades-old claim to sunken treasure in an arbitration brought by Gibson, Dunn & Crutcher under the U.S.-Colombia Trade Promotion Agreement.
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