Nigeria, Vietnam push to limit foreign investors’ compensation in international disputes
Nigeria and Vietnam have proposed new restrictions on compensation awarded to foreign investors in international disputes, seeking to limit speculative claims and prevent excessive financial liabilities for governments. The post Nigeria, Vietnam push to limit foreign investors’ compensation in international disputes appeared first on Nairametrics .
Nigeria and Vietnam have proposed new restrictions on compensation for foreign investors in international disputes, aiming to limit speculative claims and prevent excessive financial liabilities for governments. The joint proposal was submitted during the 55th session of the United Nations Commission on International Trade Law (UNCITRAL) Working Group III in Vienna.
The new rules seek to ensure that compensation awarded by international arbitration tribunals reflects legally recoverable losses directly caused by proven violations, rather than speculative financial projections. If adopted, the measures could significantly change how international arbitration tribunals calculate compensation in disputes between foreign investors and governments.
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