British Oil Co. Signals Arb. With Slovenia Over Fracking Ban
By Caroline Simson (May 5, 2022, 8:40 PM EDT) -- British oil and gas exploration company Ascent Resources has again threatened Slovenia with an investor-state claim, accusing the Slavic country in a newly-filed notice of dispute of specifically targeting Ascent in a fracking ban that went into effect Thursday.
Ascent argued in the notice the ban is the country's "latest targeted attempt" to destroy its investments there, saying that members of its Parliament specifically mentioned "the British corporation" when they discussed enacting the ban in late March. Ascent's counsel in the dispute, the London-based disputes-only firm Enyo Law LLP, signed the notice sent Thursday.
The notice marks at least the second time...
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