Sarama Resources has secured a US$4.4 million non-recourse loan facility from Locke Capital II to fund international arbitration proceedings against the Government of Burkina Faso
Critics argue that the ECT, designed to protect foreign investments, contains vague provisions that allow multinational corporations to sue governments for lost profits due to policy changes.
This report presents a systematic overview of foreign investor lawsuits against countries across Latin America and the Caribbean (LAC) based on investment protection treaties up to 31 December 2023.
Qucomhaps Holdings has initiated arbitration proceedings against the Czech Republic, claiming misconduct by law enforcement, insolvency courts, and administrators.
The country will likely have to pay over $30 million to an American litigation firm because it wanted to protect its environment from harmful seabed mining.
EU members should terminate extra-EU BITs. To facilitate the process, the EU could spearhead an instrument similar to the plurilateral agreement to terminate intra-EU BITs or based on the draft treaty language on termination proposed to UNCITRAL.
France’s highest court has brought an end to the $1.4 billion legal battle over the resolution of FBME Bank, ruling that the Central Bank of Cyprus acted prudently and did not breach any obligations under a bilateral investment treaty between Cyprus and Lebanon.