The International Chamber of Commerce (ICC) has said Thailand is in urgent need of an arbitration law to facilitate settlements between Thai and foreign companies, so as to increase foreign investor confidence and prepare upcoming Asean Economic Community (AEC) next year.
Japan Tobacco Inc., Asia’s biggest listed cigarette maker, sued the government of Thailand over a plan to increase the size of health warnings on cigarette packages, claiming the move is unconstitutional.
The Thai government must become more efficient and enact more ironclad laws in order to avoid unnecessary legal disputes with US investors once the Thailand-US free trade area (FTA) agreement takes effect, says a local researcher.
El Ministerio de Finanzas entregará a la petrolera francesa Total bonos por 210 millones de dólares para finalizar el juicio que la compañía mantenía contra el país en el tribunal arbitral dependiente del Banco Mundial.
AngloGold Ashanti joined Acacia Mining in entering into arbitration over legislative changes in Tanzania which entitles the East African country’s government to renegotiate business agreements with mining firms.