Canada’s controversial mining sector may be the driving force behind the country’s insistence on protecting foreign investors’ rights over laws that guard its own citizens and environmental values.
The government risks losing up to Sh500 billion in an international arbitration case against mining firm, Cortec, after it failed to provide Sh100 million in the second mini-budget to pay a UK-based law firm representing it in the case.
Colombia’s decision to ban mining activities in the Páramos, a range of environmentally sensitive wetlands that provide approximately 70% of the country’s water supply, has so far led to three treaty-based arbitration cases.
Research shows that mining and energy industries are the most frequent users of Investor-State Dispute Settlement mechanisms.
How poor countries like Mongolia may be losing millions because of corporate tax practices and legal loopholes.
Argentina and Japan are moving ahead with a bilateral investment treaty.
Randgold is considering launching international arbitration if Congolese President gives his assent to the legislation.
Global mining firms want Kenya compelled to pay Sh334 billion as compensation for cancelling their licences.
International mining companies, which include Randgold, Glencore and China Molybdenum, have said they will challenge the new law through international arbitration, and are lobbying Kabila not to sign it.
Ruling found that New Jersey company was wrongly prevented from opening quarry and terminal.
The TCC tribunal failure did not reflect an internal failure on the part of Pakistan’s state apparatus as much as it did the hegemonic nature of the global BIT regime that developing countries have been subjected to by the West.
Last week, Turkey and Somalia signed economic partnership agreement.The countries also came to an understanding on fishing and fisheries. Under this, Turkish fishermen will be able to fish in Somalia’s territorial waters.
With bilateral trade between India and Peru touching an all-time high of $1.57 billion, the second round of talks for the trade agreement between the two countries is scheduled to take place in March.
Tanzania passed three new laws that significantly change the regulatory landscape governing natural resources and the mining sector in particular.
A British investment group has demanded USD 500 million from Russia and accused the country of state-sponsored corporate theft in a battle for control of a Siberian coal mine.
The arbitrators agreed with the company that Peru had breached its obligations to the company under the Canada-Peru Free Trade Agreement when it expropriated the company’s Santa Ana silver project, in 2011.
Crystallex International Corp. and Venezuela agreed to settle a US$1.2 billion dispute over the 2011 nationalization of a gold deposit in the South American nation.
Chatree mine’s operator, Australia’s Kingsgate Consolidated said that it would commence arbitration under the Thailand-Australia Free Trade Agreement
New laws revolve around the notion that Tanzania’s domestic law is to be supreme over any international dispute or arbitration decision.
A big spike in gold imports from countries with which India has trade agreements has caused alarm in the government, which now plans to exclude the yellow metal from such agreements in the future.