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Policy & Regulation

East Timor Conoco case backlash highlights risks

East Timor’s decision to revoke visas for judges ruling in favour of ConocoPhillips highlights the risk of investing in the country, while Woodside continues talks on Sunrise LNG East Timor’s decision to revoke visas for judges ruling in favour of ConocoPhillips highlights the risk of investing in the country, while Woodside continues talks on Sunrise LNG.
By Sara Stefanini 7 November 2014 Asia Pacific / Policy & Regulation 0 14138
East Timor’s Prime Minister Xanana Gusmão has accused international judges of mishandling cases. (PA)

East Timor has struck out against the foreign judges ruling in its tax dispute against ConocoPhillips in a move that may raise concerns about investing in the resource-rich country.

The government revoked the work visas for five of East Timor’s seven international judges this week, plus two public prosecutors and an adviser in the anti-corruption commission, and gave them 48 hours to leave the country. 

Prime Minister Xanana Gusmão accused the prosecutors of mishandling a group of tax cases worth A$360 million ($308.8 million) – including one...