Region: Africa & Middle East
Libya fails to overturn Austrian investor’s award
UPDATED: A US court has confirmed an investment treaty award requiring Libya to pay €84 million to an Austrian engineering company for construction contracts that were disrupted by the country’s 2011 revolution, as details of a separate award against the state worth €280 million emerge.
01 October 2021
Congo hit with another mining claim
An Australian mining company has launched an ICSID claim against the Republic of the Congo over the revocation of licences for iron ore projects, as the state faces contractual claims by two other miners totalling US$36 billion.
30 September 2021
Indian company wins claim over Rwandan power network
An Indian company has won US$32 million in a claim against a Rwandan state-owned entity over a contract for a power transmission network connecting Rwanda and the Democratic Republic of the Congo.
30 September 2021
French court rejects Libya’s corruption challenge
The Paris Court of Appeal has upheld a jurisdictional award in a treaty case against Libya, siding with an ICC tribunal that the state’s corruption allegations were a matter for the merits.
29 September 2021
RSM settles fight over Cameroon gas field
US oil company RSM has agreed to settle an UNCITRAL arbitration with its UK partner in a Cameroonian gas project, as the parties await an award in a related ICC case in Texas.
29 September 2021
Iranian state oil company ordered to pay damages
Emirati energy company Dana Gas says it will receive US$607.5 million from a long-awaited final award against an Iranian state-owned entity over a terminated gas supply deal, while a much larger second arbitration continues.
28 September 2021
Zimbabwe creditors race to enforce overlapping ICSID awards
Two sets of ICSID creditors have applied to a US court to enforce overlapping ICSID awards against Zimbabwe over land expropriations as they sue each other in London.
27 September 2021
Shifting sands: Dubai’s consolidation plan explained
Essam Al Tamimi and Sara Koleilat-Aranjo of Al Tamimi & Company explain Dubai’s surprise move to consolidate three arbitration centres into a single centre under the Dubai International Arbitration Centre brand.
23 September 2021
Dos Santos company enters bankruptcy after Dutch award
A Dutch energy company owned by embattled Angolan billionaire Isabel dos Santos has been placed into bankruptcy by a court in the Netherlands, in the wake of an arbitral tribunal’s finding that it acquired assets worth €650 million through “grand corruption”.
23 September 2021
Morocco and Algeria face treaty disputes
A French telecoms company has lodged an ICSID claim against Morocco, while neighbouring Algeria has been threatened with a claim by a Spanish investor in a fertiliser venture.
21 September 2021