Philip Morris Paid Half Of Australia's Arbitration Costs
Law360 (March 22, 2019, 10:12 PM EDT) -- An Australian advocacy group spoke out against revelations that tobacco giant Philip Morris was saddled with just half, $8.4 million, of what Australia's government spent defending itself from an ultimately unsuccessful arbitration over its plain-packaging law for cigarettes.
The Australian Fair Trade & Investment Network criticized findings that while Australia spent more than AU$23 million (about $16.3 million) in legal fees and more than €666,000 (about $754,000) in arbitration fees, Philip Morris Asia Ltd. was only ordered to pay about $8.4 million, the group said on Thursday.
The recent discoveries came after a November request from Investment Arbitration Reporter under Australia's...
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