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A telecoms company founded by an Irish billionaire has filed an ICSID claim against Papua New Guinea after being hit with a US$100 million tax demand that it says is holding up the US$1.6 billion sale of its operations in the Pacific region.
07 July 2022
Canada’s Barrick Gold has reached an agreement with Papua New Guinea to reopen a gold mine following an ICSID conciliation, although a related treaty claim at the centre remains pending.
14 April 2021
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”.
28 February 2020
Spain’s Repsol and its Australian partner Horizon Oil are to commence arbitration against Papua New Guinea over the state’s attempt to terminate a US$300 million agreement for the development of a gas and condensate field.
19 November 2018
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