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Egypt has settled an ICSID claim brought by a Dubai-owned pipe manufacturer over its right to bid for tenders related to a sewerage network for “New Cairo” – a US$30 billion project to relieve overcrowding in one of Africa’s largest cities. ....
UK court blocks Pakistan from raising corruption allegations in Reko Diq case July 9, 2021 LONDON: The London High Court has blocked Pakistan from pleading corruption allegations in the famous Reko Diq case in a challenge to an International Chamber of Commerce (ICC) partial award won by the Australian mining firm Tethyan Copper Company (TCC) ruling that the province of Balochistan can no longer plead corruption allegations against the gold mining giant as the Supreme Court of Pakistan had not based its decision in the Reko Diq on corruption allegations. The News and Geo have exclusive access to the 98-page decision by Justice Mr Robin Knowles. The court ruling by Judge Robin Knowles comes as a setback as Pakistan’s legal team had sought to get the whole case nullified using the Supreme Court of Pakistan’s decision. But the London High Court found that Balochistan opted not to raise the issue of corruption during the international arbitration and in fact did no ....
July 8, 2021 LONDON: The London High Court has blocked Pakistan from pleading corruption allegations in the famous Reko Diq case in a challenge to an International Chamber of Commerce (ICC) partial award won by the Australian mining firm Tethyan Copper Company (TCC) - ruling that the province of Balochistan can no longer plead corruption allegations against the gold mining giant as the Supreme Court of Pakistan had not based its decision in the Reko Diq on corruption allegations. The News has exclusive access to the 98-page decision by Justice Robin Knowles. The court ruling by Judge Robin Knowles of the High Court of Justice comes as a setback as Pakistan’s legal team had sought to get the whole case nullified using the Supreme Court of Pakistan’s decision, but the London High Court found that Balochistan opted not to raise the issue of corruption during the international arbitration and in fact didn’t even allege corruption – while raising the corruption all ....
BVI court puts off Reko Diq case hearing till 18th Top Story January 10, 2021 LONDON: The High Court of Justice in the British Virgin Islands (BVI) has postponed the hearing on the enforcement of the US$6 billion award in the Reko Diq case until January 18, and Pakistan International Airlines (PIA) assets registered in the BVI jurisdiction remain frozen. The News has learnt that the hearing on Thursday lasted only for about half an hour and Justice Gerhard Wallbank of the BVI High Court of Justice, after dealing with some procedural matters, fixed the new hearing date for January 18 when Pakistani lawyers will present their case for the first time as the freezing order during the last hearing was issued ex parte. ....
New date for Reko Diq case at BVI court National January 10, 2021 LONDON: The High Court of Justice in the British Virgin Islands (BVI) has postponed the hearing on the enforcement of the $6 billion award in the Reko Diq case until the 18th January and meanwhile Pakistan International Airlines (PIA) assets registered in the BVI jurisdiction remain frozen. The News and Geo has learnt that the hearing on Thursday lasted only for about half an hour and Justice Gerhard Wallbank of the BVI High Court of Justice, after dealing with some procedural matters, fixed the new hearing date for 18th of January where for half a day Pakistani lawyers will present their case for the first time as the freezing order during the last hearing was issued ex parte. Injunction on the PIA assets including Roosevelt Hotel in Manhattan, Scribe Hotel in Paris and Minhal Incorporated remains in place till 19th of January 2021, shared a source from Pakistani legal side that attended the meeti ....