Good Governance Africa has published an article entitled “Inside Ethiopia’s Commodities Pit.” The article describes Ethiopia’s successful commodity exchange operation, better known as ECX. The article notes that despite a spotty record on political freedom and human rights, Ethiopia’s ECX shines as an example of government achievement. The ECX is comprised of three players: over 3.1 million farmers, organized into cooperatives, who then sell to 350 ECX members, who store goods in warehouses around Ethiopia. These members, in turn, deal with ECX clients, who are exporters. The […]
About Eric ChangEric Z. Chang, firm founder and Principal, has extensive experience practicing both in civil law and common law systems. He is a former French Avocat à la cour and a current member of the New York and California Bars. He has practiced in Paris, New York and California on cross-border matters involving parties and disputes in Africa, Europe, the United States, Latin America, Asia and the Middle East. His experience covers a wide range of issues and industries: he has represented commercial clients in cases dealing with construction delays and disruptions, finance, securities and accounting fraud, shareholder disputes, maritime attachments, oil and energy, banking and telecommunications. He also represents clients on investor-state disputes, including bilateral investment treaty (BIT) arbitration.
South Africa is currently deliberating on the Promotion and Protection of Investment Bill organized by the trade and industry portfolio committee. The bill is meant to provide a harmonized and standardized legislative framework to govern investments, and replaces the bilateral investment treaties (BITs) that South Africa has recently terminated.
As reported in Business Day, Department of Trade and Industry Director General Lionel October stated that within the new bill, South Africa would reserve to itself the absolute right to regulate the public interest, even though this might negatively affect foreign investors and foreign […]
(Image from World Economic Forum.)
The World Economic Forum has released its 2015-2016 Global Competitiveness Report. This report assesses the competitive landscape of 140 economies, “providing insight into the drivers of their productivity and prosperity.”
In the African continent, the most competitive economy was Mauritius, in 46th place, ranking it just below the Russian Federation (45th), and higher than many other countries such as […]
The following is an Africa Business Blog, presented by CHANG LAW. The blog series is posted on CHANG LAW’s International Arbitration (IA) Blog page, and covers a range of topics related to doing business in Africa.
The Arbitration Foundation of Southern Africa (AFSA) recently announced the creation of a new international arbitration center specialized in the resolution of commercial disputes between African and Chinese parties.
The new center is called the China Africa joint Arbitration Centre (CAJAC) and will be initially based in Johannesburg. CAJAC is […]
CHANG LAW is proud to announce the launch of its Africa Business Blog Series. The blog series will be posted on Chang Law’s International Arbitration (IA) Blog page, and will cover a range of topics related to doing business in Africa.
The Africa Business Blog will cover news stories relevant to investors who seek to invest in Africa, or are already doing so. The blog aims to be broad in scope, and will discuss Africa-related news that may range from politics, business, culture, or legal developments.
Why a blog about business in […]
Eric Z. Chang, firm founder and Principal, has extensive experience practicing both in civil law and common law systems. He is a former French Avocat à la cour and a current member of the New York and California Bars. He has practiced in Paris, New York and California on cross-border matters involving parties and disputes in Africa, Europe, the United States, Latin America, Asia and the Middle East. His experience covers a wide range of issues and industries: he has represented commercial clients in cases dealing with construction delays and disruptions, finance, […]
Chang Law has successfully recovered on a USD $41+ Million Award, on behalf of an international client against an African sovereign state. As reported in February 2015, Chang Law successfully represented the client in a FIDIC construction dispute, helping obtain a positive arbitration award in early 2015.
The claim arose out of a power infrastructure construction contract awarded by an African State to the client, an Africa-based contractor. The dispute was seated in Africa, subject to the law of an African state, and adjudicated pursuant to the UNCITRAL Arbitration Rules (1976). The Permanent Court of Arbitration, […]
24 August 2015
Los Angeles, CA. International Arbitration law firm EZC Law is pleased to announce a total brand relaunch and officially unveils its new name, Chang Law, as well as a new firm logo and website (www.changarbitration.com)
The new firm name, Chang Law, highlights firm Principal Eric Z. Chang, and reflects Mr. Chang and the firm’s strong commitment to provide a highly personalized service to clients.
The new firm logo features a dynamic globe, illustrating the focus on an international practice and the firm’s truly global reach that allows it to service clients and handle disputes anywhere in the world.
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 […]
An arbitration tribunal has awarded more than $50 billion USD in favor of the owners of Yukos, in their long-running dispute against the Russian Federation. The text the Yukos Award has been published and is available online.
The dispute began in 2003, when Russian authorities arrested Mikhail B. Khodorkovsky, Yukos’ founder, and began auctioning off Yukos assets. In a scathing opinion, the arbitration tribunal stated that Russia’s seizure and sale of Yukos’ assets “was not driven by motives of tax collection,” but “by the desire of the state to acquire Yukos’ most valuable asset.”
“In short,” the tribunal stated, “it was in effect a devious […]