Los Angeles, CA – 2/12/2015. EZC Law has secured an international arbitration Award in excess of USD $41 Million USD for a client in a FIDIC construction dispute. The claim arose out of a power infrastructure construction contract awarded by an African State to the client, an Africa-based company. The Tribunal adjudicated the dispute pursuant to the UNCITRAL Arbitration Rules (1976), with a seat in Africa, applying the law of an African State. ThePermanent Court of Arbitration, based in The Hague, acted as Registry in the matter.
In the recently issued Award, the Tribunal found the African State liable for breach of the construction agreement as well as a related financing agreement, and awarded damages, plus legal fees, costs of the arbitration, and pre- and post-Award legal interest. The matter involved complex issues relating to choice of law analysis, contract interpretation, and quantum.
Principal Eric Z. Chang notes that “this Award is a resounding win for the client, and demonstrates that sovereign states are not above the law, and must honor their contractual obligations. EZC Law is pleased to have obtained a favorable result for our client.”
About EZC Law
EZC Law is a boutique international arbitration firm focusing on cross-border commercial arbitration disputes, as well as investment treaty arbitration disputes between investors and sovereign states. While the firm has a particular focus on Africa and Central Asia, it can handle disputes anywhere in the world, across a breadth of industry sectors. Contact us for more information.