Kluwer: A Local Remedies Pitfall Avoidedâfor Now: Key Takeaways from Honduras PrĂłspera Inc. v. Honduras
Published on April 21, 2025
On February 26, 2025, the Tribunal in Honduras PrĂłspera Inc., et al. v. Republic of Honduras rejected an unprecedented attempt to dismiss investment treaty claims for failure to exhaust local remedies. While respondent states have often contended that claimants should have pursued local remedies for one reason or another, Honduras advanced a novel argument in...