Earlier this year, ICSID dismissed the claims of Gabriel Resources in the Roșia Montană case. The court also obliged the companies to pay Romania the costs of the lawsuit, as well as interest.
Romania has placed a lien on over 80% of the shareholding held by Gabriel Resources in Roșia Montană Gold Corporation to recover its $10 million arbitration costs incurred over a 9-year process in Washington.
Une compagnie minière canadienne a perdu une procédure d’arbitrage contre la Roumanie, qui avait bloqué son projet d’exploitation d’une mine d’or sur un site désormais inscrit sur la liste du patrimoine mondial de l’UNESCO, a annoncé Bucarest.
The Romanian government has won a years long legal dispute with a Canadian mining company seeking damages over failed plans to open a gold and silver mine in the Eastern European country.
The European Commission and Canada have agreed on the “interpretation” of parts of their trade agreement that relate to investor protection from environmental regulation, in a push by Brussels to persuade member states to ratify the bilateral multibillion-euro deal.
The battle between a Canadian mining company and Panama over one of the richest copper-gold mines in the Americas is headed to international arbitration – exposing Canada’s double standard when it comes to promoting free trade in the Global South.
Panama is facing at least three Investor-State Dispute Settlement cases from mining investors who claim that their investments have been affected by the decision.