ICSID Dismisses Claims Against Rwanda For Denial Of Mining Licenses

Mealey's (May 19, 2022, 10:27 AM EDT) -- WASHINGTON, D.C. — An International Centre for Settlement of Investment Disputes (ICSID) tribunal on March 30 rejected two American investment entities’ claims against the Republic of Rwanda seeking damages of $95 million for not granting them a long-term mining license and ordered that they pay Rwanda more than 1.3 million British pounds and $360,000 in attorney fees and expenses....