Region: Congo

South African oil company gets default judgment against Congo

A South African oil company has obtained a default judgment from a US court enforcing a US$619 million ICC award against the Democratic Republic of the Congo over contracts for four petroleum blocks.

16 September 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

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has become the latest investor to threaten the Republic of the Congo with a treaty claim after its iron ore permit was revoked.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

Miner files mega-claim against Congo

Avima Iron Ore has become the latest mining company to file for ICC arbitration against the Republic of the Congo over the revocation of its licences, claiming US$27 billion in damages.

07 June 2021

Burford backs miner’s claim against Congo

Australia’s Sundance Resources has disclosed that Burford Capital will fund its US$8.8 billion ICC claim against the Republic of the Congo over a revoked mining licence – as well as a potential claim against Cameroon.

10 May 2021

UK energy company brings claim against Congo

A UK energy company has filed an ICSID claim against the Republic of the Congo over the expropriation of its interest in an oil block – seeking at least US$450 million in damages.

05 May 2021

Congo will face multibillion mining claim

Australia's Sundance Resources has made good on a threatened US$8.8 billion ICC claim against the Republic of the Congo – one of three cases the Central African state could face over its revocation of mining licences.

25 March 2021

Lebanese creditor seizes Congo oil revenues

A French court has confirmed that a Lebanese creditor seeking to enforce €1.4 billion worth of ICC awards against the Republic of the Congo can attach US$30 million in funds from the state’s national oil company.

24 March 2021

Congo threatened with US$27 billion claim over revoked mining licence

Avima Iron Ore has become the third company to threaten arbitration against the Republic of the Congo over its revocation of mining licences last year, stating that it has suffered losses of US$27 billion.

11 March 2021

Miners line up Congo claims

An Australian mining company that threatened the Republic of the Congo with an ICC claim over an iron ore project says it will seek US$8.8 billion in damages after its permit was withdrawn by decree – while another miner operating in the country has threatened a further claim over similar measures.

04 January 2021

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