Home » Bureaus/Offices Reporting Directly to the Secretary » Office of the Legal Adviser » International Claims and Investment Disputes (L/CID) » CAFTA-DR Investor-State Arbitrations » Cases Filed Against the Dominican Republic » TCW Group, Inc. and Dominican Energy Holdings, L.P. v. The Dominican Republic
TCW Group, Inc. ("TCW"), a United States financial services company, alleged that the Dominican Republic wrongfully interfered with its indirect holdings in a joint venture (Empresa Distribuidora de Electricidad del Este, S.A.) ("EDE Este") by, among other alleged actions and omissions, failing to pay compensation for negotiated tariffs and subsidies. TCW alleged CAFTA-DR violations of Article 10.3 (national treatment), Article 10.4 (most-favored nation treatment), Article 10.5 (minimum standard of treatment) and Article 10.7 (expropriation). TCW and the Dominican Republic settled the dispute as reflected in a Consent Award of July 16, 2009. The parties jointly agreed that the settlement shall not be construed as an admission of liability or wrongdoing on the part of either party.
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