Company sues Laos over multi-million dollar investment seizure | Connect Asia

Sanum Investments is behind several hotel and casino projects in Laos, including Savan Vegas in Savannakhet.

The company says it invested in Laos in good faith and accuses the government of breaking its promise to protect foreign investors.

Sanum says the government is guilty of misconduct for allowing a well-connected Lao family and their companies to seize control of Sanum's prize asset, the Thanaleng Slot Machine Club, located close to the capital, Vientiane.

Further accusations centre on a retroactive $23 million tax bill, and the arbitrary revoking of licences and concessions worth hundreds of millions of dollars.

Presenter: Richard Ewart

Speakers: Jody Jordahl, Sanum Investments' President