Arbitral Tribunal Confirms Republic of Congo Must Pay €1.7 Billion to British-American Construction Firm Commisimpex
On 5 October 2023, an International Chamber of Commerce (ICC) arbitral tribunal based in Paris dismissed Congo’s request to reconsider a previous arbitral award in favour of Commisimpex (ICC case no.
- On 5 October 2023, an International Chamber of Commerce (ICC) arbitral tribunal based in Paris dismissed Congo’s request to reconsider a previous arbitral award in favour of Commisimpex (ICC case no.
- The arbitral tribunal had been appointed in 2021 at the request of the Republic of Congo, several years after the highest French courts had rejected applications by Congo to set aside two arbitral awards made in this case in 2000 and 2013.
- The arbitral tribunal has now handed down a solidly-reasoned award of more than one hundred pages, rejecting entirely the allegations made by the Republic of Congo.
- The Republic of Congo was ordered to pay more than €3 million in legal costs to Commisimpex.