The ICSID arbitral tribunal on March 16 this year admitted it had no jurisdiction concerning the applicant Germen and rejected as inadmissible Alverley’s application.
In 2019, the ICSID tribunal had given an award over $6 billion against Pakistan to the TCC. At the same time, the London Court of Arbitration also imposed another $4 billion fine on Pakistan.
It now says legislators are amending Slovenia’s mining law to further restrict "all forms of hydraulic stimulation", and this could increase damages it is due under its arbitration claim.
AFTINET has raised the alarm over the possibility that British corporations will gain the right to sue the Australian Government if the UK is granted membership in the CPTPP.