Sentences with phrase «expropriating assets»

In 2014, the PCA awarded the former Yukos Oil Company shareholders damages, unanimously finding that Russia had breached its international obligations under the Energy Charter Treaty by destroying Yukos Oil Company, expropriating its assets for political reasons and transferring its assets to the state - owned oil company Rosneft.

Perhaps the best examples of this section of the market come from the world of in bilateral investment treaty arbitration where claimants are almost invariably «Davids» because «Goliath» (the respondent state) has expropriated their assets.

In each case, the plaintiff alleged that Venezuela, SUDEBAN, and other Venezuelan agencies and officials had expropriated assets in violation of international law.

Not exact matches

It was part of a nationalistic push by Mexico, 12 years after the government expropriated foreign oil assets and created Pemex, to assert economic and industrial might.

There are many other ways of allocating a significant portion of the debt - servicing cost to unwilling agents in the economic equivalent of debt forgiveness: to creditors when debt is repudiated, to workers when wages are suppressed in order to increase net revenues for debt servicing, to small business owners when assets are expropriated to pay down debt, and so on.

Conoco's assets in Venezuela were expropriated in 2007 following nationalization of the country's oil industry led by then - President Hugo Chavez.

Even if an asset is not expropriated (far from a sure thing), it can still be targeted by officials in other ways.

Dubious regimes in countries such as Venezuela — which has expropriated foreign assets in the past — could put your capital in peril.

It will not be the last place where assets are expropriated for the good of locals, even if locals got hurt as well.

As Canadian companies have their assets expropriated and contracts abridged in such wild jurisdictions, the role that lawyers play in protecting our basic rights and freedoms will likely become better appreciated here at home.

For practical purposes, a breach may arise: (i) if a state may makes discriminatory legislative reforms which adversely affect the international investment; or (ii) if a state arbitrarily or capriciously denies tax exemptions to international investors in respect of revenues or profits generated by their investment; or (iii) if a state discriminates against an international investor by refusing to grant or renew permits; or (iv) if a state expropriates investment assets without due and proper compensation paid to the investor etc..

The provincial government, led by former Premier Danny Williams, enacted legislation to expropriate most of Abitibi's assets and resource rights without compensation (Abitibi was later compensated through proceedings under NAFTA).

Newfoundland and Labrador expropriated Abitibi's assets.