The court accepted Roşia Montana’s inclusion on the UNESCO heritage list as a piece of evidence, as an argument for the "bad faith of the Romanian state" invoked by the Canadian company.
Governments which enact climate legislation risk being sued for trillions of dollars by fossil fuel companies seeking compensation for lost revenue and stranded assets.
In a significant step forward in the campaign against Investor-State Dispute Settlements (ISDS), Australia has announced its withdrawal from its signatory status to the Energy Charter Treaty.
The Dutch supreme court overturned an order for Russia to pay $50 billion to former shareholders in dismantled oil giant Yukos, but shunted the lengthy legal saga back to a lower court for more hearings.
The arbitration has been discontinued in response to the non-payment of the claimant’s portion of the required advance payment of the costs of the proceeding.
The settlement is under the Taxation Laws (Amendment) Act, introduced this year to put an end to 17 tax disputes India has with multinational companies like Cairn and Vodafone Plc.