The tribunal considered that the main and determinative reason for the 2011 restructuring was in order for the tobacco giant to bring a legal claim under the BIT Treaty, using a Hong Kong-based entity.
“Despite the losses and defeats, tobacco companies will keep coming back for more. They will fight on regardless in order to delay and disrupt the rollout of the World Health Organization’s best-practice tobacco control measures,”
Imperial Tobacco is working on available legal instruments of protection, including an international investment arbitration tribunal, to contest a fine imposed by Ukraine for anticompetitive concerted actions.
For the Kingdom, Carlyle did not justify the existence of investments in Morocco. The American group invokes the Morocco-United States free trade agreement while the contracts with Samir concern entities based in the Cayman Islands.
Pour le Royaume, Carlyle n’a pas justifié l’existence d’investissements au Maroc. Le groupe américain invoque l’accord de libre-échange Maroc-Etats-Unis alors que les contrats avec la Samir concernent des entités basées aux îles Caïmans.