Boies Schiller Flexner client Sarama Resources announced this week that it had secured funding to pursue claims before the International Centre for Settlement of Investment Disputes (ICSID) against the government of Burkina Faso over the withdrawal of an exploration permit after Sarama had invested more than a decade and $80 million exploring and developing the site.
In an in-depth look at the case and BSF’s work using international arbitration to fight resource nationalism, Stockhead reported that the damages sought could be much greater, interviewed partner Timothy Foden and two of our clients at length. Additionally, Commercial Dispute Resolution and Global Arbitration Review reported on the development in the case, quoting partner Kristen Young. Please see links to media coverage below.
STOCKHEAD: On the Cusp of a Gold Boom, This Miner’s World Collapsed – Now it Wants Justice
COMMERCIAL DISPUTE RESOLUTION: Gold Developer Set for Arbitration Battle with Burkina Faso
GLOBAL ARBITRATION REVIEW: Miner Finds Funding for ICSID Claim Against Burkina Faso