Region: Africa & Middle East

“Grand corruption”: Dutch panel rules against dos Santos

UPDATED WITH AWARD: A Dutch-seated tribunal has ordered an entity owned by billionaire Isabel dos Santos to return shares worth over €650 million to Angola’s national oil and gas company, ruling they were acquired illegally.

27 July 2021

Zimbabwe faces US enforcement bid

A Swiss-German family have applied to a US court to enforce an ICSID award against Zimbabwe now worth more than US$274 million, which compensated them for land expropriations carried out by the government of former president Robert Mugabe.

27 July 2021

Qatari award blocked on appeal in Australia

The Federal Court of Australia has blocked enforcement of an award made in Qatar, ruling that a Doha court erred by stepping in to make the appointments.

21 July 2021

UAE healthcare group preps for London arbitration

The administrators of an insolvent Emirati healthcare group have agreed to a London arbitration to resolve disputes over insurance receivables that a Dubai bank has claimed as security for an Islamic finance deal.

21 July 2021

Vedanta reports win against Zambian state entity

Vedanta Resources says it has won an award affirming that a Zambian state-owned entity has breached an arbitration agreement by seeking the liquidation of their copper-mining venture.

16 July 2021

Meydan settles Dubai racecourse dispute

Emirati real estate developer Meydan has agreed to pay US$198 million to a Malaysian construction group to satisfy a DIAC award over a cancelled contract to build a racecourse in Dubai.

14 July 2021

Cairo centre looks back on pandemic year

The Cairo Regional Centre for International Commercial Arbitration has revealed that it received 67 new cases in 2020 – with construction disputes accounting for 31% of the total – and that in the first half of this year it has already registered 56.

13 July 2021

Israeli investor fails in tax claim against Ethiopia

An UNCITRAL tribunal chaired by the president of the International Court of Justice has rejected an Israeli chemicals group’s US$200 million investment treaty claim against Ethiopia over a tax bill.

12 July 2021

DP World wins again in Djibouti port dispute

Dubai-based logistics group DP World has reportedly prevailed in another LCIA arbitration with Djibouti over a strategic port facility on the Red Sea, with a sole arbitrator rejecting a state-owned entity’s bid to escape a joint venture agreement.

12 July 2021

Swiss trader dragged into fight over Congo oil field

A UK energy company pursuing an ICSID claim against the Republic of the Congo over an oil field has filed a related ICC case worth US$200 million against a Swiss commodities trader.

07 July 2021

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