The Axiata Group had filed a case at the International Centre for Settlement of Investment Disputes in May 2019, claiming damages worth around Rs66 billion.
ZIMBABWE continues its fight in the United States (US) to block enforcement of a US$277 million arbitration award to a German and Swiss family which stems from the country’s controversial land reform programme.
This is related to the complaint made the day before by government functionaries on the absence of legality in the litigation that the ICSID opened on the case of the Employment and Economic Development Zone (ZEDE) against the Government.
Canadian company Gabriel Resources, the majority shareholder of the developer of the blocked gold mining project in the Apuseni Mountains, seeks to raise up to USD 4.75 mln from investors with a private placement.
Colonialism resulted in the imposition of a legal trade and investment regime favourable to European colonial states and companies, which is still felt today.
Nowadays, the Netherlands has 75 bilateral investment treaties with countries all over the world, which mainly give multinationals a powerful instrument that has far-reaching consequences for people and the environment worldwide.