Tribunal's Ruling Opens Door For Claims Against Kazakhstan

By Hannah Sheehan (January 28, 2016, 10:01 PM EST) -- In a decision that could pave the way for an onslaught of arbitration proceedings against the Republic of Kazakhstan, a tribunal has found that a Canadian mining company can pursue its claims against the country over multimillion-dollar uranium processing investments, the company announced Thursday.

World Wide Minerals Ltd. said an arbitration tribunal established under the rules of the United Nations Commission on International Trade Law found that Kazakhstan must face the company's claims for unspecified damages as a legal successor to the 1989 Bilateral Investment Treaty between the Governments of Canada and the USSR, even though Kazakhstan never negotiated its own...

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