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Sector Capital Corporation, Memorandum of determinations (No 3), IIC 215 (2003), 7th April 2003, Colombia (OPIC), United States; Overseas Private Investment Corporation [OPIC]

From: Investment Claims (http://oxia.ouplaw.com). (c) Oxford University Press, 2015. All Rights Reserved. date: 19 August 2019

F1 Sector Resources, Ltd and Sector Capital Corp (‘Sector’) contracted with OPIC in 1999 to insure Sector Resources, Ltd’s USD 3,500,000 equity investment (contract F030) in and Sector’s USD 2,000,000 equipment lease ( OPIC Contract of Insurance No F074 ) for the Las Animas precious minerals mine in the state of Tolima, Colombia. Tolima, although not a centre of guerrilla activity, was the site of sporadic clashes between the Colombian military and the Revolutionary Armed Forces of Colombia (‘FARC’). A more detailed discussion of the threatened political violence...
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