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Pakistan is urging a D.C. federal court to toss litigation to enforce a $6 billion arbitral award stemming from a mining dispute, pointing to a parallel ruling in the British Virgin Islands concluding that the country didn't consent to enforcement of the award outside its own courts.
Two decisions by General Ayub Khan abruptly ended the country’s balanced approach towards securing the rights of its citizens and achieving economic growth.
Since 1959, Pakistan has entered 53 bilateral investment treaties with 48 different countries.
ADVERTISEMENT Caribbean Court Won't Enforce Miner's $6B Win Over Pakistan Law360 (July 19, 2021, 6:42 PM EDT) -- A Caribbean appellate court said it can't honor an Australian mining company's request for help enforcing a $6 billion arbitral award against Pakistan, deciding that the country has for now correctly been found to enjoy immunity from the court's jurisdiction. The Eastern Caribbean Supreme Court's Court of Appeal on July 13 provided the reasons for its June 4 ex tempore decision refusing to enforce Tethyan Copper Co. Pty. Ltd.'s award from the International Centre for Settlement of...
A view of Reko Diq fields. — Reuters/File LONDON: Pakistan does not have the right to mount corruption allegations as a defence to challenge the jurisdiction of an arbitral tribunal in the Reko Diq case, a UK judge ruled this week. In the case, Province of Balochistan v. Tethyan Copper Company (TCC), Judge Robin Knowles of the High Court of Justice rejected Balochistan’s position in which it referred to a Supreme Court decision, saying it was not enough to demonstrate that the allegations of corruption had been raised before the tribunal. English arbitration law bars parties from raising ...