PCA Awards Investors In Mine $7M For Canada’s NAFTA Breaches

Mealey's (February 27, 2019, 1:40 PM EST) -- THE HAGUE, Netherlands — The Permanent Court of Arbitration (PCA) on Feb. 25 released a recent decision to award investors $7 million in relation to the denial of their application to commence a quarry project, finding that there was no causal link between the government of Canada’s breach of the North American Free Trade Agreement (NAFTA) and the investors’ alleged injuries (Bilcon of Delaware, et al. v. Government of Canada, No. 2009-04, PCA)....