Mining Lawsuit Against El Salvador Dismissed
The International Center for Settlement of Investment Disputes dismissed a lawsuit filed by Commerce Group.
Wednesday, March 16, 2011
The lawsuit filed under CAFTA terms alleged that the Government, in 2006, without justification, revoked permits which had been awarded for the exploitation of mines in San Cristobal and San Sebastian and that a request made in 2008 to extend operating licenses at the San Sebastian and Nueva Esparta mines was denied.
Commerce Group filed a lawsuit, alleging El Salvador denied operation permits.
A lawsuit by Pacific Rim Mining against the Salvadoran government must be resolved by the local jurisdiction, and not by that provided for under the DR-CAFTA.
The court at the International Centre for Settlement of Investment Disputes (ICSID) has ruled in favor of the Canadian gold mining company and dismissed preliminary objections raised by El Salvador.
Arbitration between the Salvadoran government and the mining company Pacific Rim is in its final stages at the International Centre for Settlement of Investment Disputes.
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