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ARTICLE · 22 DECEMBER 2016

Reko Diq Arbitration: Can There Be A Settlement?

More than two years after the Supreme Court declared the agreement with the TCC illegal, the government's efforts to reach a settlement with the TCC are instructive.

PakistanInternational Law
Rana Ijaz & Partners
Rana Ijaz & Partners

We have been hearing news of the Pakistan government's efforts to reach a settlement with the Tethyan Copper Company (TCC) in connection with the Reko Diq matter involving copper and gold reserves worth billions of dollars. International arbitration proceedings before the International Center for Settlement of Investment Disputes (ICSID) and the International Chamber of Commerce tribunals are ongoing in this matter. More than two years after the Supreme Court declared the agreement with the TCC illegal, the government's efforts to reach a settlement with the TCC are instructive. Assuming the news reports are accurate, it signals a significant departure from the patriotic posturing and legal wrangling that we have witnessed over the past couple of years. In one of my op-eds on this subject published a couple of years ago, I had argued whether our national interest was served merely by generating nationalist hysteria to morph a purely legal issue into an issue about

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