In a significant legal victory, Jamaican business mogul Michael Lee-Chin has secured a substantial award of over $43 million in an investment dispute with the Dominican Republic.
This momentous decision came as Lee-Chin obtained a Final Award from a UNCITRAL Arbitral Tribunal, marking the culmination of a legal battle that revolved around unprecedented issues under the Caricom-DR Free Trade Agreement.
Lee-Chin’s triumph in this case followed an initial favorable outcome in the form of a Partial Award on Jurisdiction, which was issued back in July 2020.
The dispute stemmed from Lee-Chin’s claim against the Dominican Republic under the Treaty, relating to his stake in Lajun Corporation SA, a Dominican company entrusted with a long-term concession contract for managing a landfill in Santo Domingo. Notably, Lee-Chin’s son, Adrian Christopher Lee-Chin, held the position of general manager at Lajun.
Recall that in 2017, the Dominican Republic took control of the landfill through military means and initiated local actions aimed at nullifying and terminating the concession, citing an alleged environmental emergency as the basis for these actions.
Fueled by what he perceived as multiple violations of the Treaty by the state, including arbitrary measures designed to compel him to operate the landfill without a fair tipping fee, Lee-Chin embarked on an investment arbitration against the Dominican Republic. This award represents a significant milestone in a complex and high-stakes legal battle that has spanned several years.
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