the Company is now pleased to announce that it has signed a binding damages-based agreement with Enyo Law LLP which will be advancing the disbursements which are expected to be incurred in the pursuit of the claim.
Pakistan and Barrick Gold PLC Canada are said to have started negotiations to settle the dispute on Reko Diq as Antofagasta of Chile is seeking financial settlement of their share in the award of $6 billion.
Bahrain has been ordered by the Permanent Court of Arbitration in The Hague to pay over €200 million in damages plus costs to two Iranian banks for the unlawful moves against their operations.
Five fossil fuel companies are already known to be seeking over $18 billion in compensation from governments over energy policy changes and most of these have been brought via the Energy Charter Treaty.
Extractive companies are the most frequent users of the investor-state dispute settlement system (ISDS), making up 29 percent of all ICSID claims in fiscal year 2021.
India’s steps to better protect itself hasn’t curbed the appetite of foreign investors, suggesting that the perceived correlation between FDI and robust investor protection is overstated.
Developers of Keystone XL are seeking to recoup more than $15 billion in damages connected to President Joe Biden’s decision to yank a permit for the border-crossing oil pipeline even after construction began.
On 1 September 2021, Angola’s National Assembly ratified the International Convention on the Settlement of Investment Disputes between States and Nationals of Other States (ICSID).
An UAE-based trading and investment firm has filed a lawsuit before the Sindh High Court worth around Rs 74 billion against the State Bank of Pakistan and a private bank for BIT breach, local media reported.
The Belgian Appeal Court delivered a landmark ruling in what Kazakhstan’s legal representatives described as "one of the biggest frauds in the history of international arbitration."