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France, Russia
Nord Gold's arbitration against Paris in Montagne d'or case sends arbitrators abuzz

Alexey Mordashov, head of Severgroup, the holding that controls Nord Gold, claims 4 billions euros in indemnities for the Montagne d'or project.
Alexey Mordashov, head of Severgroup, the holding that controls Nord Gold, claims 4 billions euros in indemnities for the Montagne d'or project. © Jeff Kowalsky/EFE/Newscom/MaxPPP
The launch by Alexey Mordashov's Severgroup of proceedings against the French state over the 'Montagne d'Or' case involving a vast gold-mining project in French Guiana has sparked lively interest from the small community of arbitrators and business diplomats in Paris. [...]
Published on 10.12.2021 at 06:00 GMT Reading time 2 minutes

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As news outlets in both hemispheres continue to relay every minute detail of the fallout from Australia's cancellation of its submarine deal with France, there is one glaring takeaway: more than five years of lobbying and intelligence gathering in Canberra failed to help Paris and Naval Group pick up on and anticipate Australia's doubts.

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French president Emmanuel Macron and Australian prime minister Scott Morrison on 15 June 2021.
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