Friday, March 1, 2024
HomeNewsLaosLaos denied petition to seize U.S. assets to settle casino debt

Laos denied petition to seize U.S. assets to settle casino debt

FOLLOW US

The government of Laos has been denied a petition to seize lakefront properties in the U.S. state of Idaho in its attempt to enforce a $3.7 million settlement related to casino projects in the country.

In August 2019, the International Centre for Settlement of Investment Disputes and the Permanent Court of Arbitration awarded Laos more than $3.7 million over a claim arising from a series of casino projects. The projects were under development by Sanum Investments and ST Group and were to be funded by Bridge Capital and Campbell Holdings.

Law360

AGBrief Editorial
AGBrief Editorialhttps://agbrief.com/about-asia-gaming-brief/
The AGBrief Editorial Team is a group of contributors living around the world that are connected to Asia Gaming Brief. They are active members in pursuing the sources of our news, making them reliable and accurate for our readers.

RELATED ARTICLES