Conoco and Perenco team up against Vietnam
Terraced rice fields in Mu Cang Chai, Vietnam (Credit: istock.com/NanoStockk)
Energy multinationals ConocoPhillips and Perenco have brought an UNCITRAL investment treaty claim against Vietnam to prevent the state from collecting an estimated US$179 million capital gains tax related to a billion-dollar acquisition, it has emerged.
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