In a significant legal victory for Romania, the country has successfully defended itself against an arbitration claim brought by Canadian mining company Gabriel Resources over the Roșia Montană project. The dispute centered around Gabriel Resources' failed plans to develop a gold and silver mine in Romania, a project that has been mired in controversy and opposition. The International Centre for Settlement of Investment Disputes (ICSID) ruled in favor of Romania, with Gabriel Resources being ordered to pay US$10 million in legal fees and expenses. This case has drawn attention to the broader issues of international litigation strategies and the balance between open justice and the need for confidentiality in certain legal proceedings.
Canada's Gabriel was ordered to pay Romania $10 million in legal fees and expenses https://t.co/eIVwIfs6ev
The Romanian government has won a yearslong legal dispute with a Canadian mining company seeking damages over failed plans to open a gold and silver mine in the Eastern European country. https://t.co/LaY7bA2e6N
Romania wins legal battle against a Canadian miner over failed plans to open a gold mine https://t.co/JNfK67aNLP
🇨🇦NEWS❗ $GBU.V Gabriel Resources Ltd. loses ICSID arbitration claims against Romanian Government for Roșia Montană project, ordered to pay US$10m in legal fees.
Can Open Justice Be Too Open? A Review of Proposals to Provide Non-Parties Greater Access to Court Documents in England & Wales https://t.co/ttS70xckb5 #UK #Litigation #CourtDocuments @JenGRodgers https://t.co/4Kvyknksr3
Canada's Gabriel Resources loses damage claim against Romania for failed gold mine project https://t.co/bxe4spBxMd https://t.co/OOZUMAsmTX
ICYMI. Latham & Watkins Helps Colombia Defend Against Arbitration Brought by Canadian Miner https://t.co/17y8Q0nbXt
A very strange High Court decision was just published. It reveals that an unknown person or company is engaged in an international strategic litigation campaign to block international tax and transparency initiatives, and is going to great lengths to remain anonymous. https://t.co/8PdzvRnLpF