Ethiopia Wins Arbitration Case Against Turkish Contractor

Ethiopia wins arbitration case against Turkish contractor

Ethiopia has secured a major legal victory against Turkish contractor Yapı Merkezi İnşaat, after an international tribunal dismissed the bulk of a nearly $1bn claim.The London Court of International Arbitration rejected roughly $750mn of the contractor’s demands and ordered it to repay a $29.1mn advance to the Ethiopian Railway Corporation, according to the Reporter. The company had sought compensation for alleged losses incurred during construc…

London Court Dismisses Bulk Of Turkish Contractor’s Claims Against Ethiopia

The London Court of International Arbitration has dismissed the bulk of a USD 979.9 million claim filed by Turkish company Yapi Merkezi Insaat against the Ethiopian Railway Corporation (ERC), according to sources familiar with the case. The company had sought compensation for damages and losses incurred during the construction of the Awash–Kombolcha–Woldia–Hara Gebeya railway infrastructure project, demanding USD 979.9 million plus nine percent …