How will the country defend itself against these multi-million dollar international lawsuits?
9 August, 2023
Six international claims against the Honduran State were submitted to arbitration at the International Centre for Settlement of Investment Disputes (ICSID), an institution that is part of the World Bank and based in Washington D.C. Some of these claims were brought forward by the investment firm Zede Próspera, and two Norwegian renewable energy firms, Scatec and Norfund. While international arbitration experts are concerned about the defense of the Honduran State, the government questions the legality of the disputes since it doesn’t recognize ICSID’s jurisdiction.
