Mongolia Prevails In Row Over Nixed Mining License

Law360, New York (July 6, 2017, 9:09 PM EDT) -- An international tribunal in The Hague has rejected claims asserted against Mongolia by Chinese state-owned entities over the revocation of an iron ore mining license, putting an end to seven years of arbitration, counsel for the country said Wednesday.

The tribunal unanimously dismissed all of the Chinese companies' claims in a June 30 award, according to law firm Milbank Tweed Hadley & McCloy LLP, which represented Mongolia in the arbitration. A copy of the award had not yet been made public as of Thursday. 

The arbitration, which was administered by the Permanent Court of Arbitration in The Hague, stemmed from Mongolia's...

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