Laos holding illegal Activities against investors!!

BinjBinjTown · Member

Laos holding illegal Activities against investors!!

Date: Sep 16, 2012

Never trust a commie, hope this is lesson learned. This is why the country will never prosper, greedy commie dictators.

BinjBinjTown · Member

Anonymous wrote:
Never trust a commie, hope this is lesson learned. This is why the country will never prosper, greedy commie dictators.

I'm quite sure this news about the illegal situation with the Lao Gov. will make many investor and bussinessmen to look else where. I don't think the Lao Gov. knows how the world run today. They seem to be stuck in the 70's and 80's while its neighbors is absorbing all the other investor and bussinessmen into their country alone. I could see why Laos will never develope or gain anything now and the future. Laos Government are just making Laos and the Lao ppl look bad with no hope or dreams for this country and future generation at all.

Date: Sep 18, 2012

BinjBinjTown wrote:
Anonymous wrote:
Never trust a commie, hope this is lesson learned. This is why the country will never prosper, greedy commie dictators.
I'm quite sure this news about the illegal situation with the Lao Gov. will make many investor and bussinessmen to look else where. I don't think the Lao Gov. knows how the world run today. They seem to be stuck in the 70's and 80's while its neighbors is absorbing all the other investor and bussinessmen into their country alone. I could see why Laos will never develope or gain anything now and the future. Laos Government are just making Laos and the Lao ppl look bad with no hope or dreams for this country and future generation at all.

your link do not work! the pre-Laos Star Channel (year 2006), a good example. remember how the Sulaphet guy that ran the studio illegal seized his own foreign brother in law andother investors assets. Too man men power and money hungry in Laos. Laos need a woman like me haha!!!

BinjBinjTown · Member

Anonymous wrote:
BinjBinjTown wrote:
Anonymous wrote:
Never trust a commie, hope this is lesson learned. This is why the country will never prosper, greedy commie dictators.
I'm quite sure this news about the illegal situation with the Lao Gov. will make many investor and bussinessmen to look else where. I don't think the Lao Gov. knows how the world run today. They seem to be stuck in the 70's and 80's while its neighbors is absorbing all the other investor and bussinessmen into their country alone. I could see why Laos will never develope or gain anything now and the future. Laos Government are just making Laos and the Lao ppl look bad with no hope or dreams for this country and future generation at all.
your link do not work! the pre-Laos Star Channel (year 2006), a good example. remember how the Sulaphet guy that ran the studio illegal seized his own foreign brother in law andother investors assets. Too man men power and money hungry in Laos. Laos need a woman like me haha!!!

It works for me. But here is the copy and paste out of that link page news. This illegal activities already a talk of the Business community around the world. I wonder what will the Lao Government do if they lost all the opportunity of the life time. Even Vietnam and Cambodia are the only two that is much safer for investor and business to be establish legally without the Government being nosy with them. Also Myanmar is the next candidate for such invesment then Laos. Laos Government are stupid as hell. LOL! Sorry, but that is the truth. They just don't know anything about business or investment at all.

Lao Holdings Launches Website Shedding Light on Alleged Illegal Activities by the Government of Laos

13th September 2012 17:03 IST
Macau S.A.R and Hong Kong S.A.R (Business Wire (Business Wire India))

Today Lao Holdings, and its wholly owned subsidiary Sanum Investment Ltd., launched a website called www.shameonlaos.com. The site contains information concerning treaty claims filed against the Government of the Lao People’s Democratic Republic to stop the alleged illegal taking of an investment worth at least US$400 million by the Government of Lao, as well as the Government’s cancellation of permits for projects that would have been worth hundreds of millions more.

“We want people to see the questionable conduct in which the Lao Government has been engaged. We’re not just concerned about what this conduct has meant for our many employees and us. We worry about what it means for the treatment of foreign direct investment(http://shameonlaos.com/the-issue/) in Laos generally, which the country and its people so badly need,” said Jody Jordahl, President of Sanum.

“We invite people who are outraged or disappointed by this news to contact the ministries involved and tell them how they feel about it.”

Jordahl continued: “We invested in good faith in the Lao DPR. We believed the government when it said it would uphold the rule of law. We established one of the largest businesses in Laos and created thousands of jobs for the Lao people. As we became more successful, they moved in to take it from us. This is a simple case of a government breaking its promise to protect foreign investors against greed and exploitation. If they can do this to us, they can do it to any direct foreign investment.”

Sanum Investment Ltd. was enticed to invest in the Lao DPR on the basis of the government’s promises of a safe and stable economic and legal environment, where foreign investments were promised protection and security through steadfast adherence by local officials to the rule of law. Its investment of over US$85 million in capital began five years ago. Had the Government not changed its treatment of Sanum, that investment should be worth more than US$500 million today.

The forum for these claims is international arbitration, under investment protection treaties signed by Laos for the benefit of foreign investors. The International Centre for the Settlement of Investment Disputes, an independent arm of the World Bank, will administer the Lao Holdings case. The Sanum Investment case will be handled by an ad hoc tribunal as provided under the applicable treaty. Both tribunals will be composed of three arbitrators, who are authorized to issue binding damages awards against offending countries.

Date: Sep 19, 2012

shameonlaos.com bla bla and other links in the article do NOT WORK!

Date: Sep 20, 2012

I wonder who is trying to block the site? hmmm...

Date: Sep 20, 2012

Anonymous wrote:
I wonder who is trying to block the site? hmmm...

do NOT work from Laos. any have tried from outside Laos?

BinjBinjTown · Member

I think you could find this link if you are in Thailand. Please do because this is something the Lao Government should be looking into. The more this kind of issue pop up about the illegal corruption in Laos. The more it will be put in record and this could lead to something the international community would be now concern doing business or any sort of investing in Laos future programs. This just tell me that that Laos isn't ready for the outside business and investor into the country at all. Where is the Asean when we need them?