Privinvest Forces $2B Mozambique Fraud Suit To Arbitration
Law360, London (March 11, 2021, 3:07 PM GMT) -- A London appeals court has halted Mozambique's lawsuit accusing an Abu Dhabi-based shipbuilder of bribing government officials to secure contracts in a $2 billion corruption scandal, ruling on Thursday that the claim belonged in arbitration in Switzerland.
Mozambique's claims against an Abu Dhabi shipbuilder belong in arbitration in Switzerland, the Court of Appeal in London has ruled. (iStock) The Court of Appeal held that Mozambique's claims against Privinvest Shipbuilding SAL are bound by arbitration agreements in three contracts governing a series of tuna fishing, maritime security and shipbuilding projects in the southeast African country that are at the heart of the...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!