13
votes
After the Honduran president repealed a law granting unfettered authority to outside investors, investors took the dispute to a World Bank arbitration court
Link information
This data is scraped automatically and may be incorrect.
- Title
- Honduras Ratchets Up Battle With Crypto-Libertarian Investors, Rejects World Bank Court
- Authors
- Ryan Grim
- Published
- Mar 19 2024
- Word count
- 1864 words
This is a very biased description of the court case. I’ll point to this article for another view. While Scott Alexander is far from neutral and it’s a bit out of date, he’s at least trying to describe it fairly.
Here's a decent background article:
Honduras ICSID Denunciation and Implications for Foreign Investors
It's not clear to me that the denunciation applies to Prospera case. It sounds like it shouldn't apply?
Prospera claims that this denuncation was done illegally:
I think a good rule of thumb is that when a nation goes up against a corporation, the nation probably wins, so it's not looking great for Prospera. But there are likely consequences for future foreign investment.
Thanks for the background.