{"id":9439,"date":"2024-01-13T08:30:40","date_gmt":"2024-01-13T07:30:40","guid":{"rendered":"https:\/\/www.iisd.org\/itn\/?p=9439"},"modified":"2024-08-09T18:33:18","modified_gmt":"2024-08-09T16:33:18","slug":"billionaire-clive-palmer-files-another-arbitration-against-australia","status":"publish","type":"post","link":"https:\/\/www.iisd.org\/itn\/2024\/01\/13\/billionaire-clive-palmer-files-another-arbitration-against-australia\/","title":{"rendered":"Billionaire Clive Palmer files another arbitration against Australia"},"content":{"rendered":"<p>The Singapore company Zeph Investments Pte, owned by Australian billionaire Clive Palmer, has reportedly filed a <a href=\"https:\/\/www.ag.gov.au\/international-relations\/publications\/notice-intention-commence-arbitration-zeph-investments\">notice of intention to commence arbitration against Australia<\/a> based on the Singapore\u2013Australia 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\u2013Australia\u2013New Zealand Free Trade Agreement (<a href=\"https:\/\/budget.gov.au\/content\/bp1\/download\/bp1_bs-9.pdf\">here<\/a>, p. 290, and <a href=\"https:\/\/pca-cpa.org\/en\/cases\/304\/\">here<\/a>). In the three cases together, the compensation claimed is close to USD 300 billion.<!--more--><\/p>\n<script type=\"text\/javascript\"> toolTips('.classtoolTips63','Bilateral investment treaty'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips67','Energy Charter Treaty'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips77','Permanent Court of Arbitration'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips83','Cour permanente d\u2019arbitrage'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips84','Corte Permanente de Arbitraje'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips116','European Commission'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips118','Union europ\u00e9enne'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips119','Uni\u00f3n Europea'); <\/script>","protected":false},"excerpt":{"rendered":"<p>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\u2013Australia Free Trade [&hellip;]<script type=\"text\/javascript\"> toolTips('.classtoolTips63','Bilateral investment treaty'); <\/script><\/p>\n","protected":false},"author":26,"featured_media":15869,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[397],"tags":[1900],"class_list":["post-9439","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-current-issue"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/posts\/9439","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/users\/26"}],"replies":[{"embeddable":true,"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/comments?post=9439"}],"version-history":[{"count":0,"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/posts\/9439\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/media\/15869"}],"wp:attachment":[{"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/media?parent=9439"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/categories?post=9439"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/tags?post=9439"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}