We think you have liked this presentation. If you wish to download it, please recommend it to your friends in any social system. Share buttons are a little bit lower. Thank you!
Presentation is loading. Please wait.
Published byThomas Ray
Modified over 6 years ago
WWW.MISHCON.COM © MISHCON DE REYA 2014 HOW AFRICA HAS FARED IN INVESTMENT DISPUTES. A REALITY CHECK. By Karel Daele “Striking the Legitimate Balance between Host-State Sovereignty and Investor Needs: Perspectives from and regarding Africa” Panel “Enhancing Business Opportunities in Africa: The Role, Reality and Future of Africa-Related Arbitration”, Atlanta International Arbitration Society Conference 2-3 NOVEMBER 2014 - ATLANTA
WWW.MISHCON.COM © MISHCON DE REYA 2014 Forty-five Contracting States (83.5%) Three States signed but did not ratify the ICSID Convention (5.5%): Ethiopia, Guinea-Bissau and Namibia Six non-Contracting States (11%): Angola, Djibouti, Eritrea, Equatorial Guinea, Libya and South Africa 1. CONTRACTING STATES ICSID - Atlanta 2-3 NOVEMBER 2014 - ATLANTA
WWW.MISHCON.COM © MISHCON DE REYA 2014 2. MAP ICSID MEMBERSHIP
WWW.MISHCON.COM © MISHCON DE REYA 2014 While Africa accounts for 28% of ICSID’s membership, it accounts for 23% of its disputes: 113 disputes on a total of 487 70% of the Contracting States (32) have been respondent to one or more ICSID cases 30% of the Contracting States (13) have not been respondent: Benin, Botswana, Cape Verde, Chad, Comoros, Lesotho, Malawi, Mauritius, Sao Tome & Principe, Sierra Leone, Somalia, Swaziland and Zambia South Africa and Equatorial Guinea (non-Contracting States) have been respondent to ICSID Additional Facility proceedings 3. ICSID RESPONDENTS 2-3 NOVEMBER 2014 - ATLANTA
WWW.MISHCON.COM © MISHCON DE REYA 2014 4. MAP ICSID RESPONDENTS
WWW.MISHCON.COM © MISHCON DE REYA 2014 Forty-one pending cases of which thirty-nine arbitrations and two conciliations Seventy-six concluded cases of which seventy arbitrations and six conciliations Of the seventy concluded arbitrations: 5. OUTCOME OF ICSID CASES 2-3 NOVEMBER 2014 - ATLANTA 33% 26% 12% 3%
WWW.MISHCON.COM © MISHCON DE REYA 2014 More investor claims are settled than upheld or dismissed The number of claims upheld equals the number of claims rejected Worldwide results (UNCTAD 2014 Report): 43% dismissed, 31% upheld, 26% settled Only 25% of the claims against African States have been upheld; 72% of the claims are either rejected, settled or discontinued 6. OUTCOME OF ICSID CASES 2-3 NOVEMBER 2014 - ATLANTA
WWW.MISHCON.COM © MISHCON DE REYA 2014 Twelve States (26%) have been found liable: Once (8): Burundi, Gabon, Guinea, Liberia, Senegal, Seychelles, Togo and Zimbabwe Twice (3): Central African Republic, Congo Republic and Tanzania On three occasions (1): Egypt Sixteen States (34%) have been respondent but not found liable (either because the claims were settled, rejected or discontinued): Algeria, Burkina Faso, Cameroon, DRC, Gambia, Ghana, Ivory Coast, Kenya, Madagascar, Mali, Morocco, Niger, Nigeria, Rwanda, South Africa and Tunisia; 7. LIABILITY 2-3 NOVEMBER 2014 - ATLANTA
WWW.MISHCON.COM © MISHCON DE REYA 2014 2-3 NOVEMBER 2014 - ATLANTA 7. LIABILITY
WWW.MISHCON.COM © MISHCON DE REYA 2014 Twenty-three States are involved in pending disputes and are potentially liable 8. POTENTIAL LIABILITY 2-3 NOVEMBER 2014 - ATLANTA
WWW.MISHCON.COM © MISHCON DE REYA 2014 8. POTENTIAL LIABILITY
WWW.MISHCON.COM © MISHCON DE REYA 2014 Damages exceeding 100 million (1): Chemin de Fer v Gabon (160) Damages 50 to 100 million (2): Waguih v Egypt (74.5); Siag v Egypt (settled; 74) Damages 10 to 50 million (4): Togo Electr v Togo (39); Southern Pacific v Egypt (settled; 22.5); Wena Hotel v Egypt (19.5); AGIP v Rep. Congo (12) Damages 5 to 10 million (5): American Manufacturing v Egypt (9); Funnekotter v Zimbabwe (8); Liberian Timber v Liberia (8); CDC v Seychelles (6.7) ; AHS Niger v Niger (5.8) Damages 1 to 5 million (3): Middle East Cement v Egypt (3.9); Lahoud v DRC (1.7); Goetz v Burundi I (1.2); Damages 0 to 1 million (5) : SOABI v Senegal (0.6); Atlantic Triton v Guinea (0.3); Benvenuti v Rep Congo (0.1); RSM v CAR (0.02); Biwater v Tanzania (0) 9. DAMAGES AWARDED (USD) 2-3 NOVEMBER 2014 - ATLANTA
WWW.MISHCON.COM © MISHCON DE REYA 2014 9. DAMAGES AWARDED (USD) 2-3 NOVEMBER 2014 - ATLANTA
WWW.MISHCON.COM © MISHCON DE REYA 2014 Over 75% of the claim awarded (2): CDC v Seychelles (100%); Togo Electr v Togo (95%) Over 50% of the claim awarded (1): Funnekotter v Zimbabwe (70%) Over 25% of the claim awarded (5): American Manufacturing v Egypt (42%); Atlantic Triton v Guinea (35%); Waguih v Egypt (34%); Siag v Egypt (settled; 34%); Wena Hotel v Egypt (30%) Less than 25% of the claim awarded (7): Southern Pacific v Egypt (settled; 18%); Middle East Cement v Egypt (8%); Lahoud v DRC (8%); Goetz v Burundi I (5%); SOABI v Senegal (14%); RSM v CAR (0.0002%); Biwater v Tanzania (0%) 10. RATE OF SUCCESS (USD) 2-3 NOVEMBER 2014 - ATLANTA
WWW.MISHCON.COM © MISHCON DE REYA 2014 10. RATE OF SUCCESS (USD) 2-3 NOVEMBER 2014 - ATLANTA
WWW.MISHCON.COM © MISHCON DE REYA 2014 Karel Daele Partner International Arbitration Tel: +44 20 7440 7060 Fax: +44 20 7831 3487 E-mail: firstname.lastname@example.org Mishcon de Reya Summit House 12 Red Lion Square London WC1R 4QD 11. THANK YOU 2-3 NOVEMBER 2014 - ATLANTA
The European Digital Archive of Soil maps: The Soil Maps of Africa Senthil Selvaradjou and Luca Montanarella EUROPEAN COMMISSION JOINT RESEARCH CENTRE.
Overview of ICT Infrastructure in Africa Region and ITU-NEPAD Preliminary Assistance ITU Public & Private Sectors Partnership Forum for Africa Region.
Snapshot of Progress of Analogue to Digital Migration in Africa: Outcome of ATU Survey African Telecommunications Union (ATU) Digital Migration and Spectrum.
Africa at a glance: Penetration of ICTs The reach of popular ICTs The most connected countries.
IFPRI INTERNATIONAL FOOD POLICY RESEARCH INSTITUTE Monitoring CAADP Implementation Melissa Lambert, Research Analyst, IFPRI Regional Strategic Analysis.
Physical Features of Africa
Working To Overturn Laws Criminalizing People on The Basis of Sexual Orientation and Gender Identity Micheal Ighodaro Communications Intern.
Standard Bank Group Symposium on “Foreign Investment in Africa”
African Country PREZI Project
Introduction to Africa. Create a chart like the one below – 6 Columns, 7 Rows Subregions Countries GDP Per Capita Life Expectancy Infant Mortality Economic.
November 8th, 2013 A Business Plan for Africa Breakaway Sessions 4: Execution plan by regional clusters Session 3: Central Africa.
Disclaimer Median Real Income, Sub- Saharan Africa.
November 8th, 2013 A Business Plan for Africa Breakaway Sessions 4: Execution plan by regional clusters Session 1: West Africa.
AFRICAN ECONOMIC DEVELOPMENT: AN OVERVIEW By Prof. Augustin K. Fosu Visiting Professor of Economics, Aalto University, Helsinki, FINLAND African Economic.
Value Proposition for Prepaid Market Segmentation
The Sixth Annual African Consumer Protection Dialolgue Conference Deon Woods Bell Lilongwe, Malawi 6-8 September 2014.
Governance in Extractive Industries Contract Monitoring Program Michael Jarvis, World Bank Institute Oslo Governance Forum, October 4, 2011.
Where I am From My Name is Eriab Thembo and I come from Uganda.
Challenging our perceptions of Africa. Lesson Objectives: - To discover why the way that we view the continent of Africa may be wrong. teacheraid2014.org.uk.
The Foundation for Democracy in Africa African Port Security: Crisis on the Water’s Edge.
© 2021 SlidePlayer.com Inc. All rights reserved.