Mr. Rana Sajjad, wrote an op-ed on the international arbitration proceedings and the arbitral award of $700 million against the Government of Pakistan in connection with the Rental Power Plants (RPP) dispute with Karkey Karadeniz Elektrik Uretim, a Turkish rental power plants company:  

Read More →   We have been hearing news of the Pakistan government’s efforts to reach a settlement with the Tethyan Copper Company (TCC) in connection with the Reko Diq matter involving copper and gold reserves worth billions of dollars. International arbitration proceedings before the International Center for Settlement of Investment Disputes (ICSID) and the International Chamber […]

Read More → In the past few years, Pakistan has been involved in international arbitral proceedings in connection with a couple of important international commercial and investment disputes including the Reko Diq and the Rental Power Plants (RPP) cases. One striking aspect of the discussions and analyses of these proceedings has been the glaring lack of even […]

Read More → According to a recent news report, China has demanded that all mega power projects, including the Bhasha Dam, the Gadani and Lakhra coal plants, the Tarbela extension project and several transmission lines be handed over to China without any competitive bidding in exchange for a $22 billion dollar Chinese investment in Pakistan. Surprisingly, it was […]

Read More →   EARLIER last month, a three-member bench of the Supreme Court headed by Chief Justice Iftikhar Chaudhry declared null and void the Reko Diq gold and copper mine agreement, the Chagai Hills Exploration Joint Venture Agreement (CHEJVA), with Tethyan Copper Company (TCC). In view of the sheer value of the stakes involved (estimated to […]

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