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U.S. Department of State

Diplomacy in Action

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.

For further information and documents concerning this claim, click here.


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