Region: Africa & Middle East
Funder sues treaty claimant after settlement with Egypt
A disputes funder that provided initial financing for an investment treaty claim against Egypt before going bankrupt is now suing the successful claimant for a share of the settlement proceeds.
20 May 2022
UAE authority loses treaty claim against India
An UNCITRAL tribunal has reportedly dismissed a US$273 million investment treaty claim against India brought by an Emirati investment authority over a cancelled bauxite supply agreement.
19 May 2022
Ghana may face treaty claim after state bank thwarts arbitration
An English court has ruled that an arbitrator has no jurisdiction to hear an Indian commodities group’s US$300 million claim against a Ghanaian state-owned bank – but could the dispute turn into an investment treaty claim?
18 May 2022
Iranian gas award surfaces in US court
The UAE’s Crescent Petroleum has asked a US court to enforce a US$2.4 billion award against Iran’s national oil company, shedding light on a fraught 13-year arbitration that saw three arbitrators resign and a tribunal chair disqualified.
17 May 2022
Nigeria passes new arbitration law and allows funding
Practitioners in Nigeria are celebrating after the country passed a new arbitration and mediation law including new provisions on arbitrator immunity, interim measures and third-party funding.
16 May 2022
Chinese miner brings ICC claim over Congo lithium project
One of China’s largest mining groups has launched an ICC claim over the purchase of a stake in a major lithium project in the Democratic Republic of the Congo.
13 May 2022
DRC reaches billion-dollar settlement with Gertler companies
The Democratic Republic of the Congo has reportedly reached a settlement worth US$2 billion with sanctioned Israeli billionaire Dan Gertler and two of his companies that will see the state withdraw an ICC claim over two oil blocks.
03 May 2022
GE enforces interim measures in Algerian power plant dispute
General Electric has persuaded a New York state court to enforce interim measures granted by an ICC tribunal against an Algerian state-owned entity in a dispute over a US$234 million power plant project.
28 April 2022
East Africa – the future of infrastructure and energy disputes
A webinar hosted by Three Crowns and the Africa Energy Arbitrators' Forum of the Lagos Chamber of Commerce International Arbitration Centre looked at the future of East African energy and infrastructure disputes. Jacob Omorodion and Thomas Dauvillier of Three Crowns in Washington, DC, and Paris report.
25 April 2022
Iraq fails to revive claim over Saddam-era helicopter deal
A French court has rejected Iraq’s bid to revive a €62 million ICC claim over a contract for the supply of combat helicopters that was disrupted by an arms embargo against the former regime of Saddam Hussein.
22 April 2022