No menu items!

COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

HomeArchiveHarken Case Stalled by Gov’t Disorganization

Harken Case Stalled by Gov’t Disorganization

GOVERNMENT disorganization in the submission of evidence to rescind a contract with Harken Costa Rica Holdings, a subsidiary of the North American firm Harken Energy, to explore and draw oil from the province of Limón, led to suspension of the judicial process surrounding this case last week, the daily La República reported.

On Nov. 29, the financial administrative court resolving the dispute between the state and the oil exploration company which filed a lawsuit against the country after the contract was annulled in 2002 gave the Ministry of the Environment and Energy (MINAE) eight days to present 18 documents that either lacked certification or were missing from the evidence, according to the daily.

The court warned that if the documents were not presented as required, the case could be shelved.

In 2003, Harken submitted and withdrew a request for international arbitration through the Washington D.C.-based InternationalCenter for the Settlement of Investment Disputes, asking for $57 billion, which at that time was equivalent to four times Costa Rica s gross domestic product (TT, Oct. 10, 2003).

However, Harken s contract established that all disputes should be handled through the Costa Rican judicial system. The judicial process started last October, the daily La Nación reported.

 

Trending Now

New York Times Picks Costa Rica as Prime Spring Break Spot

The New York Times has included Costa Rica in a list of five spring break destinations aimed at families looking for warm weather and...

Costa Rica Central Bank Urged to Cut Rates and Act on Exchange Rate Collapse

Economists called on the Central Bank of Costa Rica to adopt measures that reverse the sharp drop in the dollar exchange rate. The local...

Panama Raids Former Canal Ports Operator Offices in Corruption Probe

Panamanian authorities raided offices of Panama Ports Company, the former operator of two key canal terminals, as part of an anti-corruption investigation into alleged...

Costa Rica Investigates Alleged Assassination Plot Against Interim OIJ Chief

Costa Rican law enforcement authorities are conducting a major judicial and police operation following the discovery of a suspected criminal plot to assassinate Michael...

Oil Price Surge from Middle East Conflict Raises Concerns for Costa Rica’s Economy

Oil prices climbed sharply this week as fighting in the Middle East intensified, with U.S. and Israeli strikes on Iran prompting retaliatory actions that...

Winter Storm in U.S. Northeast Cancels and Delays Flights at Costa Rica Airports

Passengers at Costa Rica’s two main international airports faced cancellations and long delays this week as a powerful winter storm in the northeastern United...
Avatar
Costa Rica Coffee Maker Chorreador
Costa Rica Coffee Maker Chorreador
Costa Rica Travel Insurance
Costa Rica Travel

Latest News from Costa Rica