By: Nigel Bankes and Kyla Tienhaara
Matter Commented On: Request for Arbitration, Riversdale Resources Pty Ltd and Hancock Prospecting Pty Ltd v Canada, December 16, 2024, and Notice of Intent to Submit a Claim, September 17, 2024
In December 2024, the Australian parent companies of Northback Holdings (Northback) filed a Request for Arbitration (RFA) with Canada under the terms of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP or Agreement) alleging breach of Canada’s investment obligations under that Agreement. The claim follows the rejection of the Grassy Mountain coal project by a joint federal–provincial review panel and subsequent domestic litigation. The case is part of a broader trend of investor-state dispute settlement (ISDS) claims challenging environmental decision-making in resource projects.