The local administration in East Kutai regency, East Kalimantan, has threatened to file criminal charges against British company Churchill Mining Plc for allegedly forging its mining permits to operate mine areas in the regency.
Several local newspapers misread the recent decision by the Washington-based International Center for Settlement of Investment Disputes (ICSID) as a verdict forcing the Indonesian government to pay over US$1 billion in compensation to the plaintiff, London-listed Churchill Mining Plc, in regard to its coal mining concessions in East Kalimantan.
The thermal coal producer said the International Centre for Settlement of Investment Disputes rejected Indonesia’s jurisdictional challenges and it can now pursue claims for damages under the respective Bilateral Investment Treaties Indonesia entered into with the United Kingdom and Australia.
UK power generator Rurelec has won an historic Bolivian compensation award worth $35.5m, the first granted by an international court against Bolivia.
The European Commission is to rethink its approach to a controversial US trade deal which campaign groups in the UK have warned would fundamentally erode Britain’s sovereignty.
A shareholder from the United Kingdom of the company Progas Pakistan has initiated international arbitration proceedings of $573 million against Pakistan for alleged expropriation of its LPG infrastructure in Karachi and the government has decided to vigorously contest the case.
British Prime Minister David Cameron met Chinese leaders on Monday as he called for the European Union to negotiate a free trade agreement with the world’s second-largest economy.
Nick Clegg will arrive in Washington today to spearhead a British-led attempt to convince members of Congress to back an EU-US free trade agreement.
This treaty, if passed, would represent an enormous challenge to public-owned health services across Europe.
An EU trade initiative intended to reduce poverty in the world’s poorest countries has driven thousands of Cambodian farming families into destitution and led to serious human rights violations, Inclusive Development International (IDI) and Equitable Cambodia and said in a report released Monday.
Following a trade deal, breeding pigs are being flown from the UK to China, up to 900 per flight in Boeing 747s.
The United States and the UK aim to include financial services in a proposed free-trade agreement between Washington and the 27-nation European Union, the British ambassador to the United States said on Thursday.
How did UK-based power company Rurelec manage to get Bolivia to go to the Permanent Court of Arbitration in The Hague over the nationalisation of the assets of its local subsidiary, Guaracachi, almost three years ago?
British enterprises, particularly from the agriculture and agri-technology sectors, are expected to take advantage of the upcoming free-trade agreement (FTA) between the European Union and Thailand.
India Tuesday sought Britain’s support for early conclusion of its much-discussed free trade deal with the European Union.
The European Union and Canada are close to signing a free trade agreement which will almost certainly open the way for more Canadian fish and seafood imports into Britain.
David Cameron has made the establishment of a free trade agreement between Europe and the US a key priority during the UK’s leadership of the G8 group of richest nations this year.
A secret deal that saw Brussels blamed for ‘forcing’ Britain to take in 12,000 Indian workers – despite high unemployment – was supported by a lobbying push from British financial services companies.
President Susilo Bambang Yu-dhoyono is telling his ministers to prepare for the worst after the government recently entered into arbitration with an international mining company.
Churchill Mining (LON:CHL) said it has now filed for international arbitration in its dispute regarding the East Kutai coal project (EKCP) in Indonesia, 75 per cent owned by Churchill.