US EditionUmeme to Arbitrate in London as Buyout Talks with Government Collapse
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Umeme to Arbitrate in London as Buyout Talks with Government Collapse
After weeks of intensive negotiations, talks between the electricity distribution company Umeme Ltd and the Ugandan government over a post-concession buyout have failed, compelling Umeme to initiate arbitration proceedings in London. The dispute centres on the total amount the government owes Umeme following the conclusion of its 20-year concession. Umeme’s concession agreement ended recently, and with the government opting against renewal, the …
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