Laos Wins Case Against Foreign Investors in Casino Arbitration

23 August 2019
The Laotian Times
Investment

Laos has won over foreign investors in the latest arbitration of an international court case involving the casino industry.

The International Centre for the Settlement of Investment Disputes (ICSID) tribunal has dismissed a case lodged by Dutch firm Lao Holdings NV (LHNV) against the Lao government claiming that it breached the bilateral investment treaty between the Netherlands and Laos.

The tribunal said LHNV “failed to meet its burden of proof” for the case, ordering the company to pay to the Lao government about USD 481,623 for the expended portion of the government’s advances to ICSID.

More…

 The Laotian Times
https://laotiantimes.com/2019/08/23/laos-wins-case-against-foreign-investors-in-casino-arbitration/

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Laos Wins Case Against Foreign Investors in Casino Arbitration

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