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A prominent global court has denied a claim against the Georgian government involving a controversial infrastructure project on the country’s Black Sea coastline. The International Court of Arbitration has decided against the Anaklia Development Consortium’s (ADC) $1.5 billion claim to recoup investments in the project after the government canceled its contract in 2020, the consortium said in a statement. Details of the case are confidential, and the court did not release a statement of its own. “We are naturally disappointed in this outcome of the ICC tribunal as we continue to believe that t…

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