Shipbuilder drops claims in Mozambique bribery dispute
Mozambique's efforts to support tuna fishing have spawned a billion-dollar cross-border bribery dispute (Credit: Shutterstock/Rich Carey)
Mozambique has seen the end of four arbitrations lodged by an Abu Dhabi-based shipbuilder that the state accused of paying bribes to procure sovereign guarantees for lenders – allegations at the centre of a US$2 billion lawsuit pending in the UK courts.
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