Steinmetz fails to overturn $1.25bn arbitration award
BSG Resources, the mining group owned by the family of Israeli diamond trader Beny Steinmetz, has failed in its attempt to overturn an arbitration...
Nigeria gives UK court $200 mln guarantee for stay on asset seizures in P&ID case
The Nigerian government on Thursday placed a bank guarantee of $200 million with a high court in London to secure a stay on asset seizures of up...
New model BIT: negotiations to commence soon
n October 2018 the government adopted its new model bilateral investment treaty (BIT) (for further details please see "New model BIT goesl...
Enforcing foreign arbitral awards in Tanzanian courts
It is undeniable that foreign arbitral awards can be of elephantine extent. A case in point is the recent $185 million award issued by a tribunal...
UCC runs amok, ignores arbitration process and breaks into ‘controversial’ School of Business block
The Group Managing Director of two construction firms – TACOA Construction Limited and Barony Company Limited – Mr Henry Tackie, has told The Chronicle...
Zimbabwe: Bitumen Engineering, China International Court Battle Rages
China International Water and Electrical Corporation and Bitumen Engineering (Pvt) Ltd are embroiled in an arbitral award wrangle over an agreement...