Canadian firm Gabriel Resources had sought up to $6.7 billion in damages from the Romanian government for pausing the development near UNESCO heritage site.
International Centre for Settlement of Investment Disputes , a World Bank arbitration panel, rejected Gabriel Resources' claims for damages/ Photo: AP Archive
The International Centre for Settlement of Investment Disputes , a World Bank arbitration panel, rejected Gabriel Resources' claims for damages in a ruling published Friday by the Romanian government. Gabriel Resources said it"strongly disagrees with the decision, which is entirely inconsistent with any objective assessment of the evidence presented" and said it was lookin g at all legal options, including appealing the ruling.
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