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Canada backs foreign investor rights to protect mining sector: Book
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.
Taxpayers face Sh500bn loss in case against Canadian firm
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.
Three Canadian mining companies lodge ISDS disputes over Colombian mining ban
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.
Petroleum ISDS cases pose major threat to climate action
Research shows that mining and energy industries are the most frequent users of Investor-State Dispute Settlement mechanisms.
Following mining and oil tax payments down the rabbit hole
How poor countries like Mongolia may be losing millions because of corporate tax practices and legal loopholes.
Argentina: Japan wants to invest in energy and mining sector, says secretary
Argentina and Japan are moving ahead with a bilateral investment treaty.
Glencore, Randgold form group to challenge Congo law changes
Randgold is considering launching international arbitration if Congolese President gives his assent to the legislation.
Global mining firms sue Kenya for Sh334bn compensation
Global mining firms want Kenya compelled to pay Sh334 billion as compensation for cancelling their licences.
Congolese mines minister mum on whether controversial new code has been made law
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.
Canada begins court fight to overturn NAFTA ruling on Digby quarry
Ruling found that New Jersey company was wrongly prevented from opening quarry and terminal.
Pakistan’s arbitration woes: sifting myth from reality
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.
Turkey, Somalia sign Economic Partnership Agreement
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.
India-Peru FTA talks to take stage in March
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.
Government regulatory space in the shadow of BITs: The case of Tanzania’s natural resource regulatory reform
Tanzania passed three new laws that significantly change the regulatory landscape governing natural resources and the mining sector in particular.
British investor claims USD 500 million from Russian coal mine
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.
Bear Creek wins C$30.4m award in international arbitration against Peru
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, Venezuela settle US$1.2B mine dispute
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.
Thailand faces arbitration over decision to shut only active gold mine
Chatree mine’s operator, Australia’s Kingsgate Consolidated said that it would commence arbitration under the Thailand-Australia Free Trade Agreement
Tanzania edges closer towards total mine nationalisation
New laws revolve around the notion that Tanzania’s domestic law is to be supreme over any international dispute or arbitration decision.
Gold may be kept out of future trade pacts
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.