Papua New Guinea court halts US$3 billion claim
The UNCITRAL claim arose over logging at a highway project in a remote province of Papua New Guinea (Credit: Shutterstock/Homo Cosmicos)
The Supreme Court of Papua New Guinea has blocked a US-owned timber company from pursuing a US$3 billion UNCITRAL claim against the state, ruling that an arbitration clause referring to a now-defunct local institution was “inoperative and unenforceable”.
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