Latest development Jun 2026
Telefónica filed to enforce the award in the United States.
The award
- Amount awarded
- $379.8M plus 5% compound interest from August 29, 2017, and €4.3M in fees
- Current estimate
- Not verified (interest has run since 2017)
- Award holder
- Telefónica S.A.
- Respondent
- Republic of Colombia
- Forum
- ICSID ARB/18/3 · Spain–Colombia BIT
Challenges
Colombia’s annulment application is pending. The stay, conditioned on a full bank guarantee, lapsed on April 4, 2026 after Colombia missed the deadlines.
Enforcement
A U.S. enforcement suit was filed in about June 2026 (court likely the D.D.C.).
Recovered to date
None