Billionaire Clive Palmer files another arbitration against Australia

The Singapore company Zeph Investments Pte, owned by Australian billionaire Clive Palmer, has reportedly filed a notice of intention to commence arbitration against Australia based on the Singapore–Australia Free Trade Agreement for measures that had allegedly frustrated its coal mine investment project in Queensland. This is the third arbitration dispute initiated by Zeph Investments against Australia, following two earlier arbitrations, the first of which relates to an iron ore mining project in Western Australia, and the second relates to the same facts as the latest one. The first two disputes are conducted under the Association of Southeast Asian Nations–Australia–New Zealand Free Trade Agreement (here, p. 290, and here). In the three cases together, the compensation claimed is close to USD 300 billion.