Lao Holdings And Sanum Claim Laos Breached 2014 Settlement, Seek Damages

(May 13, 2016, 9:11 AM EDT) -- WASHINGTON, D.C. — After the Lao People's Democratic Republic allegedly failed to adhere to the terms of a 2014 settlement agreement that was reached in a dispute over an investment in the Laos gaming industry, Lao Holdings N.V. and its subsidiary have filed three legal actions against the government in relation to the violations.

Lao Holdings, the parent company of Sanum Investments Limited, filed two cases with the International Centre for Settlement of Investment Disputes (ICSID) and one action in the U.S. District Court for the...
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