AbitibiBowater Lodges $472M NAFTA Claim V. Canada

Law360, New York (February 25, 2010, 6:02 PM EST) -- Newsprint producer AbitibiBowater Inc. filed one of the largest free-trade claims ever made against Canada on Thursday, alleging that the country owes it roughly CA$500 million ($472 million) for assets one of the country's provinces expropriated in 2008.

The bankrupt newsprint maker lodged its notice of arbitration under the North American Free Trade Agreement, challenging a December 2008 bill passed by the government of the Newfoundland and Labrador province that AbitibiBowater claims arbitrarily and discriminatorily seized its assets and rights.

AbitibiBowater, which is incorporated in Delaware,...
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