Telenor seeking payout from Myanmar junta in secret arbitration 

A panel has been formed in Singapore to hear Telenor’s claims for compensation from Myanmar over money lost in its controversial Myanmar exit

Norwegian telecoms giant Telenor Group has launched arbitration proceedings against Myanmar in Singapore to seek compensation under the Myanmar Singapore Bilateral Investment Treaty for funds lost in its hasty and controversial exit from the country following the 2021 military coup. 

The details were first reported by IA Reporter, a website that tracks investment arbitration. 

According to IA Reporter, Telenor is arguing that it could not conduct a normal sales process. An arbitration tribunal has reportedly been established in Singapore to hear the case, with lawyer Marinn Carlson appointed chair by the World Bank’s International Centre for Settlement of Investment Disputes (ICSID). 

ICSID and Telenor have both appointed a member to the tribunal, while the junta, which Myanmar Now understands is acting as the government of Myanmar in the proceedings, refused to nominate anyone.

As is standard practice with international investment arbitration, the hearings and outcomes are. . .

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