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International Investment Dispute Resolution
July 16 , 2019
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- 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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