The talc case’s main trial before the World Bank’s international tribunal has been concluded. The decision should be made in one or 1.5 years at the latest.
The settlement stipulates that the arbitration lawsuit has been annulled. ArcelorMittal filed this lawsuit against the Egyptian government 18 months ago before the ICSID.
A battle over plans to build a huge gold mine in Rosia Montana, a Romanian village boasting intact Roman mining shafts and 18th century houses, has moved to an international stage.
NAFTA, critics say, included investment provisions that inherently created an uneven playing field, allowing corporate investors to directly sue national governments for mega-millions and ultimately sidestep domestic environmental laws.