Gambia fails in novel challenge to ICSID award
Carnegie held a concession to mine rutile, zircon and ilmenite mineral deposits (Credit: Shutterstock/Usacheva Ekaterina)
An ICSID annulment committee has upheld a US$23 million award against Gambia – rejecting a first-of-its-kind challenge by the state that the tribunal was improperly constituted after the centre stepped in to appoint its arbitrator.
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