Clive Palmer banks on Swiss strategy after court throws out $305bn mine compensation claim | Clive Palmer

Clive Palmer said that he would appeal to a court in Switzerland and appeal to the decision of rejecting a request for compensation of $ 305 billion from the Nations Community Government.

On Saturday, Chief Public Prosecutor Michelle Rowland announced that the Permanent Arbitration Court in the Netherlands decided against the Queensland mining pattern.

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The investor-state Arbitration Court, which mediates the free trade disputes between foreign investors and the states they investigated, rejected Palmer’s decision to prevent Pilbara mining proposal violating international law. Row Rowland ordered to pay more than $ 13 million, Row Rowland said. The decision has not yet been published on the court’s website.

Rowland said on Saturday that “Mr. Palmer is not” foreign investor “and does not have any benefit within Australia’s free trade and investment agreements.” He said.

On Sunday, Palmer made a statement on social media.

“Mr. Palmer said that he and his legal team would object to the court’s decision and that the case of the issue would be tested in a forum where the legal arguments were properly heard ”X’s statement said.

“The Federal Swiss Supreme Court said that the last release of the last referee from the last referee about the court will be the next step of reaching justice.”

The legal war has already lasted ten years.

Palmer filed a lawsuit on behalf of Singapore Investments, claiming damage to almost $ 200 billion (A300 billion dollars) after the prevention of a mining proposal in the Pilbara region of Western Australia.

Palmer was challenging a series of decisions that prevented the development of Balmoral Southern Iron ore Mine in Pilbara. Company claimed mineology 1 billion tons of magnetite iron ore. According to the world’s largest mineral reserve; Since 2008, work has been continuing in the mine.

Palmer claimed that Western Australia refused to allow the mine. In 2020, when Palmer challenged the Supreme Court, the WA government passed a law exempted from the case.

Alvin Yap, International Law Specialist at the University of Western Australia, said that Palmer was able to object to the decision in the Swiss Court because it was the “seat” of the court using the authority to realize Switzerland’s decisions. The difficulty will be heard in accordance with the Swiss law.

If Palmer wins there, the court may invalidate the decision and send it back to the court or order a new court to hear the case.

“The Swiss Court cannot order the Australian government to pay compensation to Mr. Palmer,” he said.

Palmer’s company Zeph Investments, now has four claims under the process against the Australian government. In addition, Queensland, which prevents the construction of two mine and a coal -fuel power plant, is filed for compensation of $ 120 billion as a result of government decisions.

The other Three claims were suspended last year Pilbara case was decided.

The investor state dispute process (ISDS) has been criticized as a threat to the sovereignty of governments elected by environmentalists and others and to protecting the environment.

Patricia Ranald, the Australian Fair Trade and Investment Network Meeting, said that it was not clear whether the four claims were rejected.

“Palmer’s last three cases are participating A growing global list of ISDS cases To reduce carbon emissions from fossil fuel companies to government decisions. An end United Nations Report ISDS concluded that the government was a “big obstacle” in the climate change action. ”

Authorized, the federal government should accelerate a promised examination of Australia’s ISDS commitments.