ICSID and Africa over 50 yearsPublished by: Robert Li at 03/07/2024Egypt and North Africa have the most experience of investor-state disputes on the African continent, but...Egypt and North Africa have the most experience of investor-state disputes on the African continent, but there is a long way to go before truly diverse and local representation becomes the norm for the international framework. The report entitled ‘50 years of ICSID Arbitration and African States (1974-2024)’ was published on 11 June and was prepared by Lagos, Nigeria-headquartered law firm GO Sodipo & Co. The report proves or debunks common notions on investment arbitration in Africa that may not always be supported by data”. “On the other hand, the report debunks the notion that ICSID Arbitration is skewed against African States. Our report shows that more awards have been given in favour of African states than the awards that were issued against African states by ICSID.

Source: The North Africa Journal July 03, 2024 17:09 UTC