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.
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.
Prime minister Youssef Chahed and his government are not conceding defeat in the battle over the expropriation of the BFT (Banque Franco-Tunisienne) by the Ben Ali regime in 1989. In July, the ICSID arbitration tribunal has ordered Tunisia to compensate [.