The arbitral tribunal of the World Bank’s International Centre for Settlement of Investment Disputes (ICSID) has rendered an arbitral award of $700 million against Pakistan.
The International Centre for Settlement of Investment Disputes (ICSID) has not only imposed a hefty fine on Pakistan but also declared that the country will be paying $5.6 million as interest per month.
Financially-strapped Pakistan has been imposed with a staggering $700 million in a damages suit by the International Centre for Settlement of Investment Disputes (ICSID) regarding rental power plants case.
La compañía recurrió en 2011 al Ciadi, luego que el gobierno del país islámico negara la licencia de la iniciativa, lo que acusan fue de manera ilegal.
Pakistan has rejected $11.5 billion damages claim made by the Tethyan Copper Company ltd (TCC) a joint venture between Antofagasta and Canada’s Barrick Gold Corporation in the Reko Diq case.
The ICSID tribunal rejected Pakistan’s final defence against liability, and confirmed that Pakistan had violated several provisions of its bilateral investment treaty with Australia.
The ICSID tribunal rejected Pakistan’s final defence against liability and confirmed that Pakistan had violated several provisions of its bilateral investment treaty with Australia
An international tribunal announced that it holds Agility Public Warehousing Company of Kuwait liable to pay the entire costs incurred by Pakistan in defending a claim for more than $650 million filed against it by Agility.
In amending the current rules, the ICSID aims to ultimately make the procedure less paper-intensive by using technology for the digital transmission of documents and case procedures.
South Korean state owned power utility Kowepo has begun international arbitration proceedings against India in Singapore for not honouring a fuel supply commitment to its Maharashtra power plant.
Climate campaigners are demanding that European Union countries pull out of the treaty unless they can negotiate an end to the pact’s investor-state dispute mechanism.
Plus de 280 organisations de la société civile réclament aux États membres du Traité sur la Charte de l’énergie de mettre fin aux protections dont dispose le secteur des énergies fossiles.
We – 278 environmental, climate, consumer, development, and trade related civil society groups, as well as trade unions – believe that the ECT is incompatible with the implementation of the Paris Climate Agreement.