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The UK Supreme Court has held that bribery claims brought by Mozambique in a US$2 billion suit against an Abu Dhabi shipbuilder don’t fall within the scope of Swiss-law arbitration agreements – the first time it has ruled on the stay provisions in the Arbitration Act 1996.
20 September 2023
Mozambique has seen the end of four arbitrations lodged by an Abu Dhabi-based shipbuilder that the state accused of paying bribes to procure sovereign guarantees for lenders – allegations at the centre of a US$2 billion lawsuit pending in the UK courts.
12 July 2023
21 April 2023
An UNCITRAL tribunal has refused to stay an Indian investor’s US$115 million treaty claim against Mozambique over a rail and port project pending a related ICC arbitration commenced by the state.
09 December 2021
The Court of Appeal in London has ruled that bribery claims brought by Mozambique in a US$2 billion lawsuit against an Abu Dhabi-based shipbuilder fall within the scope of a set of arbitration agreements.
11 March 2021
An Indian investor is pursuing a US$115 million investment treaty claim against Mozambique over a rail and port project – as a UK heavy metals miner also threatens the African state.
04 November 2020
20 April 2020
An ICSID additional facility tribunal has dismissed a South African businessman’s US$96 million bilateral investment treaty claim against Mozambique after finding there was insufficient proof that the BIT had ever entered into force.
20 November 2019
11 April 2019
Mozambique is facing its second claim at ICSID, brought by Italian company CMC Di Ravenna over a highway construction project. The claim under the Italy-Mozambique bilateral investment treaty was registered by ICSID on 14 July.
17 July 2017
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