Clive Palmer banks on Swiss strategy after court throws out $305bn mine compensation claim - News Summed Up

Clive Palmer banks on Swiss strategy after court throws out $305bn mine compensation claim


Clive Palmer says he will challenge the decision of an international tribunal to dismiss his claim for $305bn in compensation from the commonwealth government, by appealing to a court in Switzerland. “Mr Palmer is not a ‘foreign investor’ and is not entitled to any benefits under Australia’s free trade and investment agreements,” Rowland said on Saturday. Palmer claimed that Western Australia’s decision refusing to allow the mine a permit breached the 2010 Asean-Australian-New Zealand free trade agreement. The WA government passed a law exempting itself from the lawsuit in 2020, which Palmer challenged to the high court, without success. “The Swiss court can’t order the Australian government to pay compensation to Mr Palmer,” Yap said.


Source: The Guardian September 28, 2025 09:51 UTC



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