Queensland mining magnate had been ordered to pay $13m after tribunal dismissed claim of being a ‘foreign investor’
-
Get our breaking news email, free app or daily news podcast
Clive Palmer says he will challenge the decision of an international tribunal to dismiss his claim for $305bn in compensation from the commonwealth government, by appealing to a court in Switzerland.
On Saturday the attorney general, Michelle Rowland, announced that the permanent court of arbitration, in The Hague, the Netherlands, had ruled against the Queensland mining magnate.
Background
This developing story continues to unfold as more information becomes available. The situation has drawn attention from various stakeholders and continues to be monitored closely.
Analysis
Industry experts suggest that this development could have significant implications moving forward. The broader context of this news reflects ongoing trends in the sector.
What This Means
The implications of this news extend beyond the immediate circumstances. Stakeholders are closely watching how this situation develops and what it might mean for future developments in this area.