Mongolia prevails on narrow reading of Chinese treaty
Chinggis Square in Mongolia's capital, Ulan Bator (Credit: istock.com/Goddard_Photography)
A tribunal at the Permanent Court of Arbitration has thrown out a claim by three Chinese state-owned enterprises against Mongolia, marking the first time a state has prevailed on a “narrow” reading of an expropriation clause common to around 70 bilateral investment treaties signed by China.
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