Cadence Minerals plc has filed for arbitration to claim compensation for its “destroyed investments” at its cancelled lithium interests in Sonora, Mexico. TREATY The company, which secured funding in March of this year, had its request for arbitration registered yesterday with the International Centre for Settlement of Investment Disputes (ICSID). Cadence has a £3.89 million […]
Tag: International Centre for Settlement of Investment Disputes (ICSID)
Ascent loses ECT claim against Slovenia
Ascent Resources plc has lost its case for claims against Slovenia in relation to the 2022 ban on hydraulic stimulation which affected its Petišovci oil and gas joint venture. COSTS The company had taken its case to the International Centre for Settlement of Investment Disputes (ICSID) under the Energy Charter Treaty. The tribunal ruled that […]
Lansdowne raises £99,260
Lansdowne Oil & Gas plc has raised £99,259 through its retail offer of 99,259,000 new ordinary shares at the issue price of 0.1 pence per share. TVRs The sum adds to the funds raised earlier this month through a placing of 1.9 billion shares, for gross proceeds of £1,999,259, subject to shareholder approval at a […]
Ascent nears award against Slovenia
Ascent Resources plc could soon receive an arbitration award in relation to the Petišovci gas joint venture in Slovenia. ECT The company registered its claim with the International Centre for Settlement of Investment Disputes against the Slovenian Government. Ascent said in a statement: “The company has received an update from the International Centre for Settlement […]
Ascent continues to await Slovenia award
Ascent Resources plc said it had been advised of a prepared draft for a tribunal award in connection with its Petišovci gas joint venture in Slovenia. COMPLEXITY The company’s claim is under the Energy Charter Treaty against the Slovenian Government. Ascent added that the arbitration tribunal from International Centre for Settlement of Investment Disputes (ICSID), […]
Ascent claim progresses for Slovenia gas proceeds
Ascent Resources plc’s arbitration process over the Petišovci gas joint venture in Slovenia has taken a further step forwards. DOMESTIC The company said that the Slovenian court had “fully rejected” the challenge by the company’s joint venture partner, Geoenergo, to the jurisdiction of the domestic arbitration tribunal. The tribunal had found in favour of Ascent’s […]