The International Centre for Settlement of Investment Disputes (ICSID) has not only imposed a hefty fine on Pakistan but also declared that the country will be paying $5.6 million as interest per month.
Financially-strapped Pakistan has been imposed with a staggering $700 million in a damages suit by the International Centre for Settlement of Investment Disputes (ICSID) regarding rental power plants case.
The Edinburgh-based oil and gas explorer says both it and the Government of India have agreed a timetable for finalising document production, submissions and hearings.
The Government has created a committee of public employees to conduct defence of Spain against avalanche international lawsuits brought by large investment firms.
UK-based Cairn Energy Plc has increased its compensation claim by $249 million in the retrospective dispute case after the income tax department adjusted tax refund due to the oil explorer towards settlement of its tax liabilities.
Recently, the ECJ has found Germany in breach of its obligations under the Habitats Directive for authorising the operation of a coal-fired power plant near Hamburg.
Plus de 83 millions de dollars. C’est le montant réclamé par la compagnie pétrolière Hupecol Operating Co, basée au Texas, à l’État colombien sous l’accord de libre-échange US-Colombie.
More than 100 associations representing US businesses are teaming up to encourage the Trump administration to maintain ISDS protections as it renegotiates NAFTA, writes the head of the US oil and natural gas industry trade group