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Tunisia
Tunis defaults on legal costs to ICSID in BFT case

Tunisia has failed to make its final payment to the World Bank arbitration tribunal, which could result in it being ordered to pay several hundred million dollars in compensation to ABCI Investments. Proceedings are unlikely to be suspended. [...]

Published on 18.05.2022 at 05:00 GMT Reading time 2 minutes

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Finance, Business

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ABCI Investments
Ben Ali
BFT
Central Bank of Tunisia
Herbert Smith Freehills
International Centre for Settlement of Investment Disputes
Kais Saied
Quinn Emanuel Urquhart & Sullivan
World Bank

Tunisia
Saied looks to liquidate BFT to sidestep ICSID arbitration

The Tunisian president has set in motion the compulsory liquidation of the Banque franco-tunisienne (BFT), a bank that lies at the heart of drawn-out litigation with its former owner, ABCI Investments. After a mediation bid failed, the saga has gone back to arbitration.

Free access Finance, Business 24.02.2022

Tunisia
BFT case: False start on ICSID with ABCI

Prime Minister Hichem Mechichi almost immediately backtracked after he agreed to a mediation process with ABCI Investments, which is seeking $1bn in damages before the ICSID arbitration court.

Subscribers only Business 06.10.2020

Tunisia
Herbert Smith and Quinn Emanuel back for final leg in explosive BFT case

Thirty-one years after the expropriation of Banque Franco-Tunisienne (BFT), the bank's former owner ABCI Investments should soon have closure on its arbitration against the Tunisian government, which is facing hundreds of millions of dollars in damages.

Subscribers only Business 02.06.2020

Spotlight | Tunisia
Washington concerned about risk of banking collapse

Like the IMF and World Bank before it, the Obama administration fears that the Tunisian banking sector could collapse and has put the Central Bank of Tunisia (CBT) under surveillance.After a four-year gap, the Treasury Department’s Office of Technical Assistance [.

Subscribers only Business 29.09.2016

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ABCI Investments
Ben Ali
BFT
Central Bank of Tunisia
Herbert Smith Freehills
International Centre for Settlement of Investment Disputes
Kais Saied
Quinn Emanuel Urquhart & Sullivan
World Bank

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Tunisia
Tunis defaults on legal costs to ICSID in BFT case

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Tunisia
Saied looks to liquidate BFT to sidestep ICSID arbitration

Tunisia
BFT case: False start on ICSID with ABCI

Tunisia
Herbert Smith and Quinn Emanuel back for final leg in explosive BFT case

Spotlight | Tunisia
Washington concerned about risk of banking collapse

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Tunisia Tunis defaults on legal costs to ICSID in BFT case

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Tunisia Saied looks to liquidate BFT to sidestep ICSID arbitration

Tunisia BFT case: False start on ICSID with ABCI

Tunisia Herbert Smith and Quinn Emanuel back for final leg in explosive BFT case

Spotlight | Tunisia Washington concerned about risk of banking collapse

Set up email notifications for these topics

About Africa Intelligence

Subscription

Africa Intelligence on social media

Indigo Publications' websites

Niger
Washington watches as Tehran negotiates with Niamey for 300 tonnes of uranium

Guinea
Behind the scenes of Mamadi Doumbouya's offensive on Russian miner Nordgold

Tunisia
Tunis defaults on legal costs to ICSID in BFT case

Tunisia
Saied looks to liquidate BFT to sidestep ICSID arbitration

Tunisia
BFT case: False start on ICSID with ABCI

Tunisia
Herbert Smith and Quinn Emanuel back for final leg in explosive BFT case

Spotlight | Tunisia
Washington concerned about risk of banking collapse