ICSID roundup: Hungary
- Law360
- 04 August 2017
British agricultural company Magyar Farming Co. Ltd., along with two Hungarian companies called Kintyre KFT and Inicia ZRT, hit Hungary with an ICSID claim on Aug. 1.
British agricultural company Magyar Farming Co. Ltd., along with two Hungarian companies called Kintyre KFT and Inicia ZRT, hit Hungary with an ICSID claim on Aug. 1.
American farmland is becoming popular with overseas investors—and that’s making people nervous. Italian buyers purchased 102,000 acres, New Zealand bought around 18,000, and Saudi Arabia and the United Arab Emirates went in on more than 15,000 acres.
GMORR manages approximately $2.1 billion in rural real estate assets across eight countries and 600,000 hectares.
The Dangote Group, Nigerian giant conglomerate’s has plans to invest $3.8bn in sugar, rice and milk over the next three years. What is the rationale for the investment?
China is poised to have a much larger footprint in the global food supply chain in the near future, according to a new report from Rabobank. The report highlights six acquisitions from the last six years that demonstrate China’s agricultural priorities.
Brazilian President Michel Temer has approved a recommendation that federal government bodies should adopt new criteria for setting the boundaries of indigenous land. The new measure will resulting ultimately in the dismissal of 90 percent of ongoing indigenous territory land claims.
Texas-based Harvest Returns, a financial tech company, is planning on debuting its agriculture investment platform this month. With this platform, agriculture producers and landowners will be able to raise funding and also maintain control over their business.
Laos is allocating 1,500 hectares of farmland along the That Luang marsh channel to grow the feed grasses needed for cattle raising, according to Vientiane Livestock and Fisheries section official. Vientiane is cooperating with distributors in Vietnam's Ho Chi Minh City to expand the numbers of cattle.
In the largest agriculture-tech funding round in history, vertical farming startup Plenty attracted $200 million. Plenty will use the investment to build more farms around the world.
Even before Lu Xianfeng completed the $280 million purchase of Australia's largest dairy farm in April 2016, the Chinese billionaire was looking to sell. In a messy proposal, Mr Lu planned to offload his holding in the historic VDL to a Chinese listed vehicle he controlled.
A militant lawmaker from Davao City, Philippines is seeking an end to all agribusiness venture agreements or AVAs which he said is used to legitimize land grabbing among farmers.
Papua New Guinea (PNG) is home to the largest remaining tropical rainforest in the Asia-Pacific region, and one of the biggest land grabs in modern history. Between 2014 and 2016, Global Witness traced a supply chain spanning some 9,000 miles from the PNG’s forests to retail shelves in the U.S.