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[Ferro-Alloys.com] Foreign mining companies may have a range of options to claim compensation against Kenya for revoking mining licences granted between January 14 and May 15 and introducing new drilling charges and/or royalty schemes, leading arbitration law experts advise.

 

Lawyers at US-based international law firm King & Spalding say companies with investments whose licenses were cancelled earlier this month and/or whose revenues are hit by new charges and/or royalties may be able to claim through international investment arbitration tribunals. Kenya has bilateral investment treaties (BITs) with Britain, France, Germany, Italy, the Netherlands and Switzerland currently in force.