Region: Papua New Guinea

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