Region: Africa & Middle East
Algeria liable for blocking transfer of dividends
A split ICSID tribunal has ordered Algeria to pay US$110 million to a Swiss shipping company and lift a prohibition against the collection of dividends from its local investments.
28 July 2022
Chinese-Saudi telecoms dispute kicks off at ICSID
Saudia Arabia is facing an ICSID claim by a Hong Kong investor in a now-liquidated telecoms consortium that had its operating licence cancelled by the state.
27 July 2022
“Side-switching” challenge rejected on appeal
A Spanish contractor has failed in a renewed bid to overturn a US$40 million ICC award over a Peruvian refinery on the basis that two members of its counsel team joined the opposing side’s law firm while the arbitration was pending – as a separate dispute over a US$1 billion project in Algeria gets underway.
27 July 2022
Africa Arbitration Academy publishes model BIT
The Africa Arbitration Academy has published a model bilateral investment treaty for states on the continent, with a focus on innovation, sustainability and “Africanisation”.
26 July 2022
Seychelles telecoms group seeks to enforce against Guinea
A Seychelles-incorporated telecoms group has asked a US court to enforce a US$25 million ICC award against Guinea after the state failed to have it set aside on grounds of alleged corruption.
20 July 2022
Electricity consortium threatens Nigerian state agency
A consortium of investors in an electricity distributor in Nigeria has reportedly threatened to take the country’s privatisation agency to arbitration in the UK, accusing it of facilitating a forced takeover of the utility by a local lender.
19 July 2022
Iranian state entity can’t appeal US$2.4 billion award
A London court has refused to allow Iran’s national oil company to appeal a US$2.4 billion award on a point of law while rejecting arguments the state entity had waived its right to bring such an appeal.
12 July 2022
Exxon and Shell can enforce parts of Nigerian oilfield award
A US appeals court has found partly in favour of ExxonMobil and Shell in a long-running fight with Nigeria’s national oil company over a US$2.7 billion award rendered a decade ago – as a separate dispute erupts over the proposed US$1.3 billion sale of one of the west African state’s largest oil producers.
11 July 2022
Eni entity faces claim over Nigerian joint venture
A Nigerian energy company is pursuing a US$272 million claim against a subsidiary of Italian multinational Eni over a joint venture in the Niger Delta that has reportedly spawned a US$2.2 billion counterclaim.
05 July 2022
Ice cream maker’s Israel boycott to go to arbitration, as US suit frozen
A claim over US ice cream maker Ben & Jerry’s boycott of Israel is to be arbitrated in New York following a partial stay of US court proceedings.
24 June 2022