Singapore court’s first ruling on BIT claim

0
1957
LinkedIn
Facebook
Twitter
Whatsapp
Telegram
Copy link

In its highly anticipated first decision concerning an investor-state arbitration, the Singapore Court of Appeal has held in Sanum Investments Ltd v Government of the Lao People’s Democratic Republic [2016] that a 1993 bilateral investment treaty (BIT) between the People’s Republic of China (PRC) and Laos applies to Macau in the wake of Portugal’s handover of the enclave to the PRC in 1999.

In 2012, a Macau-based investor, Sanum Investments, commenced United Nations Commission on International Trade Law (UNCITRAL) arbitration proceedings against Laos, bringing claims for expropriation of gaming investments under the PRC-Laos BIT. Following thorough consultation with the parties, the tribunal designated Singapore as the place of arbitration.

iStock-530751178After the tribunal ruled that it had jurisdiction to determine Sanum’s expropriation claims, Laos filed an appeal to the Singapore High Court and produced notes verbales exchanged in 2014 (after the tribunal’s ruling) between the Laotian Ministry of Foreign Affairs and the PRC Embassy in the Laotian capital, Vientiane, which stated that the PRC-Laos BIT was not applicable to Macau. Accepting the notes verbales into evidence, the High Court concluded that the tribunal lacked jurisdiction over Sanum’s claims. When Sanum appealed, Laos produced further notes verbales sent in 2015, by which the PRC Ministry of Foreign Affairs confirmed the authenticity of the note verbale from the PRC Embassy.

You must be a subscribersubscribersubscribersubscriber to read this content, please subscribesubscribesubscribesubscribe today.

For group subscribers, please click here to access.
Interested in group subscription? Please contact us.

你需要登录去解锁本文内容。欢迎注册账号。如果想阅读月刊所有文章,欢迎成为我们的订阅会员成为我们的订阅会员

已有集团订阅,可点击此处继续浏览。
如对集团订阅感兴趣,请联络我们

Alvin Yeo is chairman and senior partner at WongPartnership in Singapore. Co-author Koh Swee Yen is a partner at the firm

LinkedIn
Facebook
Twitter
Whatsapp
Telegram
Copy link