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IAReporter | 9 January 2020
Uber threatens Colombia with treaty-based arbitration after ban on use of its ride-sharing app
by Lisa Bohmer and Luke Eric Peterson
This article was originally published by Investment Arbitration Reporter (IAReporter.com) and is reposted here with permission of the publisher. IAReporter.com is a specialist investigative news and analysis service focused on international investment law and arbitration.
In a letter to Colombia’s President, the US-based ridesharing services platform Uber Technologies and its Colombian subsidiary, Uber Colombia, have threatened to initiate arbitration proceedings against Colombia under the Colombia-US Trade Promotion Agreement.
In the December 30, 2019 letter, the claimants allege that Colombia violated the TPA when its regulatory agency for commerce and trade (Superintendencia de Industria y Comercio, or SIC) issued a December 20, 2019 decision that effectively bans the use of the Uber ride-sharing app in Colombia. (The SIC decision had been widely covered in international media, owing to the size of Uber’s presence in Colombia; according to these earlier reports, the SIC decision was premised on competition law considerations.)