Multilateral treaty

GRAMERCY FUNDS MANAGEMENT APPLAUDS INTERNATIONAL ARBITRATION TRIBUNAL'S FAVORABLE DECISION AGAINST REPUBLIC OF PERU

Retrieved on: 
Wednesday, December 14, 2022
International law, Principle, Socially responsible investing, Supreme Decree 21060, Economic development, Ministry, Debevoise & Plimpton, PRI, Republic, Ministry of Economy and Finance, Multilateral treaty, United, FCA, ICSID, University, Treaty, Practice of law, Security (finance), Gramercy

GREENWICH, Conn., Dec. 14, 2022 /PRNewswire/ -- Gramercy Funds Management LLC and Gramercy Peru Holdings LLC ("Gramercy") issued the following statement in response to the favorable majority decision issued on December 6, 2022 against the Republic of Peru by an arbitration tribunal adjudicating Gramercy's claims under the United StatesPeru Trade Promotion Agreement (the "Treaty") with respect to Gramercy's investment in Peruvian agrarian reform bonds.

Key Points: 
  • GREENWICH, Conn., Dec. 14, 2022 /PRNewswire/ -- Gramercy Funds Management LLC and Gramercy Peru Holdings LLC ("Gramercy") issued the following statement in response to the favorable majority decision issued on December 6, 2022 against the Republic of Peru by an arbitration tribunal adjudicating Gramercy's claims under the United StatesPeru Trade Promotion Agreement (the "Treaty") with respect to Gramercy's investment in Peruvian agrarian reform bonds.
  • In addition, the tribunal awarded Gramercy approximately $100 million in damages and costs, which is significantly more than the approximately $861,000 Peru offered under its 2014 Supreme Decrees.
  • The base financial award will continue to accrue compound interest at a rate of 7.22% until full payment.
  • The tribunal held that Peru had failed to accord Gramercy the minimum standard of treatment required under the Treaty and international law.

CARRY THE KETTLE NAKODA NATION FILES JUDICIAL REVIEW APPLICATION AGAINST THE GOVERNMENT OF SASKATCHEWAN

Retrieved on: 
Tuesday, March 22, 2022
Exercise, Life, Carry the Kettle Nakoda Nation, Multilateral treaty, Court of Queen's Bench for Saskatchewan, Nation, GOS, Culture, Government, CTK, Failure, Blueberry River, Blueberry River First Nations, Supreme court, Treaty 4, Solution, Treaty, Federation of Sovereign Indigenous Nations, BC, Government House (Saskatchewan), Decision-making, Property management, Whaling, Crown

REGINA, SK, March 22, 2022 /CNW/ - The Carry the Kettle Nakoda Nation ("CTK") has just filed a judicial review in the Court of Queen's Bench against the Government of Saskatchewan ("GoS") over its failure to meaningfully consult and accommodate CTK in its recent decisions to sell and lease Crown lands.

Key Points: 
  • REGINA, SK, March 22, 2022 /CNW/ - The Carry the Kettle Nakoda Nation ("CTK") has just filed a judicial review in the Court of Queen's Bench against the Government of Saskatchewan ("GoS") over its failure to meaningfully consult and accommodate CTK in its recent decisions to sell and lease Crown lands.
  • However, since signing Treaty 4, successive governments have sold off and leased vast amounts of Crown land in CTK's Traditional Territory.
  • We can barely do that now as governments have sold off and leased so much of the Crown land base.
  • The situation that CTK faces in southern Saskatchewan is in many ways more dire.

Steel River Group and Peepeekisis Cree Nation Partner to Explore Multitude of Opportunities

Retrieved on: 
Tuesday, December 7, 2021
Peepeekisis Cree Nation, GLOBE, Federation, Culture, Ecosystem, Agriculture, Leadership, CEO, Lists of people executed in the United States, Partnership, Company, History, Education, Employment, Investment, Ownership, Program, Multilateral treaty, Nation, Language, Housing, Oil

Steel River Group will work collaboratively with Peepeekisis Cree Nation to generate sustainable benefits back to its Members through focused opportunity exploration in resource development, agriculture, construction, renewables, housing, and irrigation.

Key Points: 
  • Steel River Group will work collaboratively with Peepeekisis Cree Nation to generate sustainable benefits back to its Members through focused opportunity exploration in resource development, agriculture, construction, renewables, housing, and irrigation.
  • The Nation will be synergized with Steel River Groups Ecosystem companies, partners, and relationships, offering a wide scope of opportunities and vision for the future.
  • Guided by strong leadership, Peepeekisis Cree Nation is well positioned to capitalize on a diversified portfolio of opportunities that will create generational sustainability for its members, said Trent Fequet, founder and CEO of Steel River Group.
  • For more information about Steel River Group, visit www.steelrivergroup.com
    The Peepeekisis Cree Nation is a signatory of Treaty #4 in 1874.

COP26 Article 6 Adoption Opens Door to Billions of Dollars of Investment in Voluntary Carbon Markets

Retrieved on: 
Monday, November 15, 2021
Carbon, Efficiency, Article Six, Adoption, Metal, News, Multilateral treaty, S&P Global, Treaty, Multimedia, CORSIA, Agriculture, Sale, S&P Global Platts, VCM, S, Paris Agreement, SPGI, NYSE, Double, Task force, Renewable energy, Iron ore

The value of theVCM market is now more than $1 billion and forecast to increase fifteen-fold by 2030, according the Taskforce on Scaling the Voluntary Carbon Markets.

Key Points: 
  • The value of theVCM market is now more than $1 billion and forecast to increase fifteen-fold by 2030, according the Taskforce on Scaling the Voluntary Carbon Markets.
  • Paula VanLaningham, head of carbon pricing, S&P Global Platts, said:"Sunday's adoption of Article 6 has opened the door for billions of dollars of investment to flood into the Voluntary Carbon Markets over the next several years.
  • S&P Global Platts launched the market's first daily voluntary carbon credit assessments with the publication of Platts CEC , representing CORSIA-eligible carbon credits in January 2021.
  • Customers in over 150 countries look to our expertise in news, pricing, and analytics to deliver greater transparency and efficiency to markets.

Eco Oro Prevails on Liability in Claim Against Colombia

Retrieved on: 
Friday, September 10, 2021

Importantly, Eco Oro was also lauded for its social programs and environmental practices, receiving awards both internationally and from the Colombian authorities.

Key Points: 
  • Importantly, Eco Oro was also lauded for its social programs and environmental practices, receiving awards both internationally and from the Colombian authorities.
  • Eco Oro thus invoked the Treaty in commencing the arbitration and contending that Colombia violated investor protections to which Eco Oro was entitled under the Treaty.
  • The Decision upheld Eco Oros claims that Colombia breached Article 805 of the Treaty, by failing to accord fair and equitable treatment to Eco Oros investments in Colombia relating to the Angostura Project.
  • Eco Oro Minerals Corp. is a publicly-traded company and its arbitration against the Republic of Colombia is its core focus.