Is the country of Poland in violation of the Energy Charter Treaty or the Australia-Poland Bilateral Investment Treaty? That’s the question being asked in a case brought by Prairie Mining. A notice of dispute was served in February of last year along with a formal request to seek a resolution.
An LFJ Conversation with Michael Kelley, Partner, Parker Poe
Is the country of Poland in violation of the Energy Charter Treaty or the Australia-Poland Bilateral Investment Treaty? That’s the question being asked in a case brought by Prairie Mining. A notice of dispute was served in February of last year along with a formal request to seek a resolution.
Sharecast reports that Prairie Mining and Litigation Capital Management have entered into a funding agreement. LCM, a London-listed firm, explains that the money will be used in pursuit of damages claims, and to cover operational expenses while the case plays out.
It’s rare that even a large company like Prairie Mining could take on an entire government without financial help. A funding arrangement with LCM provides enough money to get through the case—but there’s more. Securing the full legal budget from an experienced entity like LCM lends legitimacy to the claim.
LCM is confident that the case will end with them recouping their investment and then some.
