TNPSC Thervupettagam

International Investment Dispute Resolution

July 16 , 2019 1989 days 840 0
  • An international arbitration court has imposed a penalty of over 5 billion dollars on Pakistan.
  • Fine has been imposed for unlawful denial of a ‘mining lease’ to a company for the copper extraction Reko Diq project in 2011.
  • The dispute has been solved by the World Bank’s International Centre for Settlement of Investment Disputes (ICSID).
  • The Reko Diq mine in Balochistan province of Pakistan is famous for its vast gold and copper reserves.
 

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