Lexpert Blog features Fasken Martineau's representation of First Quantum Minerals in a US$1.25 billion successful arbitration.
April 5, 2012
Fasken Martineau is a leading international business law and litigation firm. With over 675 lawyers, the firm has offices in Vancouver, Calgary, Toronto, Ottawa, Montréal, Québec City, London, Paris and Johannesburg.
In one of the largest recoveries ever in a dispute against a sovereign state, First Quantum Minerals has ended the international arbitrations and related proceedings surrounding its mining operations in the Democratic Republic of the Congo (DRC). The settlement was part of a sale by First Quantum of its residual claims and assets in the DRC to Eurasian Natural Resources Corporation (ENRC), for total consideration of US$1.25 billion. The deal closed on March 2, 2012.