Region: Africa & Middle East

Bank’s claim against São Tomé and Principe fails at PCA

A tribunal at the Permanent Court of Arbitration has thrown out a bank’s claim against São Tomé and Príncipe, ruling the parties’ investment contract did not make the African island state liable for the actions of its judiciary.

06 July 2021

Dual national fails to revive Mauritius claim

A Belgian court has ruled that an UNCITRAL tribunal was right to decline jurisdiction over a French-Mauritian businessman’s US$1 billion treaty claim against Mauritius based on his dual nationality.

05 July 2021

Ghana liable over another emergency contract

Ghana is facing another award under an emergency contract handed out during an energy crisis six years ago – with an LCIA tribunal chaired by Hilary Heilbron QC ordering the state to pay US$69 million to an Indian-Nigerian joint venture.

02 July 2021

Congo faces yet another mining claim

A UK mining company has become the latest investor to threaten the Republic of the Congo with a treaty claim after its iron ore permit was revoked.

02 July 2021

Kuwaiti investor revives billion dollar award against Libya

A Kuwaiti construction company has persuaded Egypt’s Court of Cassation to reinstate a controversial US$1 billion award against Libya relating to a tourism resort that was never built.

29 June 2021

Mining feud leads to threat against DRC

A French businessman has threatened to bring a US$200 million claim against the Democratic Republic of the Congo in the wake of a feud with a local politician over control of a mining company – as a Kuwaiti investor’s ICSID case against the state fizzles out.

28 June 2021

UK Supreme Court clarifies rules of service on foreign states

The UK Supreme Court has held that enforcement proceedings against foreign states must be served via diplomatic channels, overturning a ruling that said civil unrest and political instability in Libya meant formal service could be dispensed with.

28 June 2021

Canadian gold miner launches claim against Mali

In the wake of two military coups in less than a year, Mali is facing an ICSID claim from a Canadian gold mining company over its refusal to extend an exploration permit.

28 June 2021

Egyptian cement dispute heads to ICSID

A French family-owned cement company has filed an ICSID claim against Egypt, accusing the state of trying to force it to surrender its majority stake in a Cairo-listed subsidiary.

23 June 2021

Jailed businessman fails in emergency claim against Angola

An emergency arbitrator at the Stockholm Chamber of Commerce has refused to hear an imprisoned businessman’s request for relief against Angola ahead of a bilateral investment treaty claim on the basis that she lacked jurisdiction.

21 June 2021

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