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Dismissal of GCNET’s GH₵4billion arbitration claim against the Republic of Ghana under Article 18 of the UNCITRAL Rules
Nov 19, 2024•over 1 year ago
Contract Type
agreement
Ghana
Description
An international arbitration tribunal seated in London has dismissed the claims of Ghana Community Network Services Limited (GCNet) against the Republic of Ghana. The tribunal ordered GCNet to pay Ghana US$2,185,983.21 in legal fees, including interest on the aggregate amount, as simple interest from 30 days following the date of the Tribunal's award until payment.
Company Information
Company
Ghana Community Network Services Limited (GCNet)
Location
Ghana
About
Ghana Community Network Services Limited (GCNet) is a company that was granted the exclusive right to develop, customize, update and operate an electronic system for processing customs payment and trade documents at ports in Ghana.
Predictive Intelligence
Strategic
ML-powered predictions for Ghana Community Network Services Limited (GCNet)'s next move
Ghana