ICSID Grants Dismissal For Indonesia, Orders Mining Company To Pay $9.4M

(December 7, 2016, 2:13 PM EST) -- WASHINGTON, D.C. — An English mining company on Dec. 7 announced that a tribunal for the International Centre for Settlement of Investment Disputes (ICSID) has granted an application filed by the Republic of Indonesia to dismiss arbitration claims asserted against it related to the revocation of mining licenses and has ordered it to pay $9.4 million in costs and fees (Churchill Mining PLC v. Republic of Indonesia, No. ARB/12/14 and ARB/12/40, ICSID)....