Multi-billion dollar fine on Pakistan puts the spotlight on a secret court. https://www.trtworld.com/magazine/multi-billion-dollar-fine-on-pakistan-puts-the-spotlight-on-a-secret-court-29141 The Reko Diq mine case shows the overreach of a secretive arbitration system. Last month, the International Centre for Settlement of Investment Disputes (ICSID), a global quasi-court, slapped more than a $5 billion fine on Pakistan in an arbitration case involving a gold and copper mine. But the ICSID, which is part of the World Bank Group, didn’t initially announce its decision. There was nothing on its website. Except for perhaps the lawyers involved in the case, hardly anyone had seen the judgement*. Instead, the news of the award came through Antofagasta and Barrick Gold, the two multinational mining companies seeking compensation, which is one of the largest ever awarded by the ICSID. ICSID is part of what is known as the Investor State Dispute Settlement (ISDS) mechanism, which was form
Monitoring events in Balochistan, CPEC (China Pakistan Economic Corridor), China's Belt and Road Initiative and it's economic and strategic implications, Pakistan Military operations and ongoing Baloch struggle.News and Reports are collected from open sources to raise awareness among scholars, researchers and public in general.