- Backgrounder
- January 9, 2023
On 12th July 2019, an international arbitration tribunal of the World Bank’s Centre for Settlement of Investment Disputes (‘ICSID’), awarded damages in the sum of $5.84 billion to Tethyan Copper Company Pty Limited (‘TCC’) following Pakistan’s 2011 denial of a mining lease to TCC for the Reko Diq Project. Although the rationale for the decision has
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