ICSID - International Centre for Settlement of Investment Disputes

08/28/2023 | Press release | Distributed by Public on 08/28/2023 17:06

Afriland First Group SA and others v. Democratic Republic of the Congo (ICSID Case No. ARB/23/38)

Afriland First Group SA and others v. Democratic Republic of the Congo (ICSID Case No. ARB/23/38)

  • Subject of Dispute:
    Banking and financial services
  • Economic Sector:
    Finance
  • Instrument(s) Invoked: (i)
    Investment Law - Congo (2002)
  • Applicable Rules:
    ICSID Convention - Arbitration Rules

(a) Original Proceeding

  • Claimant(s)/Nationality(ies): (i)
    Afriland First Group SA (Swiss), Afriland First Bank SA (Cameroonian), Joseph Toubi (Cameroonian), Paul Kammogne Fokam (Cameroonian)
  • Respondent(s):
    Democratic Republic of the Congo (Congolese (D.R.))
  • Date Registered:
    August 28, 2023
  • Party Representatives

  • Claimant(s):
    White & Case, Washington DC & New York, U.S.A.
  • Respondent(s):
    President and Prime Minister, Kinshasa, D.R.C.
    Ministries of Justice and Planning, Kinshasa, D.R.C.
    Agence Nationale pour la Promotion des Investissments, Kinshasa, D.R.C.
    Ambassador of the DRC in Washington D.C., U.S.A.
  • Status of Proceeding:
    Pending
  • Latest Development:
    August 28, 2023 -

    The Secretary-General registers a request for the institution of arbitration proceedings.

No References Available.

(a) Original Proceeding

Date Development
August 28, 2023

The Secretary-General registers a request for the institution of arbitration proceedings.