Read the full article published in Global Arbitration Review here.
A Russian-owned company has filed a notice of intent with South Africa’s Department of Mineral Resources and Energy regarding an investment in a US$400 million mine, alleging it was defrauded of mining rights by a local businessman in collaboration with government officials.
South African-incorporated Transasia Minerals, represented by London litigation boutique Zaiwalla & Co, filed a notice of intent with South Africa’s Department of Mineral Resources and Energy in February.
Partner Leigh Crestohl commented that Transasia's “significant” interests in the project are “at risk of what in substance appears to be an attempt at a disguised expropriation.”
