Australian news outlet Stockhead took a deep dive into Sarama Resources’ legal dispute with Burkina Faso in which our client will pursue claims that the government acted illegally in rejecting the company’s exploration permit after more than 10 years of exploration and development activities.
In the article, Boies Schiller Flexner partner Tim Foden, who Sarama president and CEO Andrew Dinning calls “the best guy in the business,” speaks to the rising trend of resource nationalism and encourages companies to think of the arbitration process as an effort to claw back value in their lost investments. He cautions that trade agreements between countries can be the difference in creating opportunities to seek compensation for lost assets, and he encourages companies to consider that aspect when structuring agreements.