... previously Pacific Rim, to pay compensation to the Salvadoran State eight million dollars, according to the ruling of the International Center for Settlement of Investment Disputes (ICSID) ), So environmental ...
... ban.
OceanaGold company, which in 2013 acquired Pacific Rim, has until February 14 to determine if it will pay the compensation amounting to 8 million dollars to El Salvador as ordered by the International ...
... payment of the $ 8 million compensation imposed last October 14 by the International Center for Arbitration (ICSID) In Washington, but it has initiated talks with representatives of the Salvadoran government ...
... Gold) filed a lawsuit against the government of El Salvador in 2009, demanding $250 million in compensation for the loss of profits they’d expected to make from their mining project there. This is a staggering ...
... that it be granted US$314 million in compensation after being denied a permit to drill for gold. But anti-mining activists, arguing that the Oct. 14 decision offers only a temporary reprieve, plan to use ...
... Pacific Rim mining company
Reuters (UK):OceanaGold loses compensation claim against El Salvador, also in Business Insider (USA)
Telesur (Venezuela):El Salvador Beats Mining Giant OceanaGold at World ...
... did not gain anything by the arbitration; the tribunal simply concluded that the company has to pay 8 million dollars to El Salvador. Whereas El Salvador will not have to pay the compensation that the ...
... Dorado project. Instead, it sued the government, demanding compensation for future profits foregone.
Given the circumstances, ICSID shouldn’t have accepted the case, but it allowed it to proceed. In ...
... El Salvador. During this time the government has spent more than US$13 million in legal costs in a suit where the company attempts to obtain more than US$300 million in compensation for not been allowed ...
... Pacific Rim, later acquired by Australia's OceanaGold, sued El Salvador for $300 million as compensation for not allowing the exploitation the El Dorado mine in San Isidro, Cabañas. The company claimed ...
... the company tried to delay the resolution of the award and evaluate whether the government could negotiate the resolution to avoid losing its claim to $300 million in compensation.
Parada said that although ...
... it utilized little known investor protection provisions within the Central America Free Trade Agreement, and later the Salvadorean investment law, to argue that it was entitled to compensation because ...
... it utilized little known investor protection provisions within the Central America Free Trade Agreement, and later the Salvadorean investment law, to argue that it was entitled to compensation because ...
... tribunals and demand compensation. There is increased opposition to the expansion of ISDS through the TAFTA, or Trans-Atlantic Free Trade Agreement, and the Obama administration recently published a justification ...
... El Salvador were revoked. In 2010, the company pushed a claim of compensation from the country. In El Salvador, political leaders, civic groups and local communities have increased concerns about mining ...
... demanding compensation for not being able to drill in El Salvador. This article explains the case between Pacific Rim and El Salvador, and how Pacific Rim has used CAFTA to demand hundreds of millions ...
... of Investment Disputes of the World Bank for 301 million dollars on damages and compensation for lost profits. Even though the final hearings took place last year, the tribunal still has not issued a verdict. ...
... that through a federal case filed in Texas on the grounds that Obama overstepped his constitutional powers. But by allowing corporations to demand massive compensation for a policy decision, the tribunal ...
... Free Trade Agreement, and later the Salvadorean investment law, to argue that it was entitled to such compensation because the decision not to extend the permit was political. The company quickly ran into ...
... in its favor. It is a case led by Canadian-Australian mining group OceanaGold. It sued the government of El Salvador for 320 million euros, for compensation and damages. The legal framework and jurisdiction ...