Guinea: Pankaj Oswal's Axis International Ltd Initiates USD 28.9 billion World Bank Arbitration Against the Republic of Guinea

[InfoWire] Mining permit of Guinea's second-largest bauxite producer unlawfully terminated. USD 28.9 billion claim based on Guinea - UAE Bilateral Investment Treaty and Guinea's 1995 Investment Code. Damages are based on proven reserves, a rigorous valuation model and well-established principles of international and Guinean law. Arbitration claim is the third-largest investment treaty claim ever filed and the second-largest claim filed before the World Bank. If it fails to pay compensation or