Memery Bank: investment treaty arbitration
By Nicholas Scott
Everything seemed to be going just fine with the project: the reserves report showed healthy numbers, the capital markets were appreciative of this and the funds needed to develop the project appeared to be within reach. What could shatter this rosy vision?
To which the answer comes: a review of the terms of your mining concession, a rumour of renegotiation of contracts, the introduction of a new mining code or even the introduction of new taxes. None of these are implausible scenarios and indeed Guinea’s and Sierra Leone’s governments are reviewing all existing mining concessions, Mali’s new government is expected to follow suit and renegotiate some contracts, Liberia is drafting a new mining code and Ghana is consulting on a windfall tax on gold mining companies. Aside from ruing the day, what could you do to respond in the circumstances?
This note is a short introduction to the possibility of relying on a bilateral investment treaty to try to seek redress from the relevant host state in the circumstances…
Click on the link below to read the rest of the Memery Crystal briefing.
Sign in or Register to continue reading this article
It's quick, easy and free!
It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.Register now
Why register to The Lawyer
In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.
Identify the major players and business opportunities within a particular region through our series of free, special reports.
Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.
More relevant to you
To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.
News from Memery Crystal
News from The Lawyer
Briefings from Memery Crystal
Earlier this month, the government published debtor-friendly reforms to the personal insolvency regime, which it is proposed will come into effect from 1 October 2015.
Memery Crystal’s employment department has put together the top ten key facts for employers to know regarding flexible working requests, shared parental leave and time off for ante-natal appointments.
Analysis from The Lawyer
Commercial court waiting times are rising to new levels says the Lord Chief Justice