Bank’s claim against São Tomé and Principe fails at PCA
São Tomé, the capital of São Tomé and Príncipe (Credit: Shutterstock/Xinovap)
A tribunal at the Permanent Court of Arbitration has thrown out a bank’s claim against São Tomé and Príncipe, ruling the parties’ investment contract did not make the African island state liable for the actions of its judiciary.
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