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Source: Withers LLP | May 18, 2021

CORRECTION: Kingdom of Lesotho Faces Worldwide Enforcement Action Following 50 million Euros Damages Award

Enforcement follows a full and final arbitration ruling in South Africa against the Kingdom of Lesotho, which awarded €50 million in damages to Frazer Solar GmbH (‘FSG’)

Independent South African arbitrator ruled Lesotho breached contract in 2018; awarded €50 million to Frazer Solar; Government of Lesotho has neither engaged in legal process nor paid damages owing; US action against assets owned by Lesotho forms part of a worldwide enforcement strategy. Lawyers acting for Frazer Solar GmbH (‘FSG’),…

Source: Withers LLP | May 18, 2021

Kingdom of Lesotho Faces Worldwide Enforcement Action Following 50 million Euros Damages Award

Enforcement follows a full and final arbitration ruling in South Africa against the Kingdom of Lesotho, which awarded €50 million in damages to Frazer Solar GmbH (‘FSG’)

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Source: Symposium of Episcopal Conferences of Africa and Madagascar (SECAM) | Apr 23, 2024 Preparatory Workshop for the African Delegates to the Second Session of the Synod on Synodality
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Source: Afreximbank | Apr 23, 2024 Afreximbank dominates Bonds, Loans & Environmental, Social and Governance (ESG) Capital Markets Awards 2024
Afreximbank was recognised with ‘Financial Institutions Bond Deal of the Year’ for acting as Joint Lead Manager on the debut USD 300 million senior Eurobond issuance by Mauritius Commercial Bank
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Source: Energy Capital & Power | Apr 23, 2024 Panoro Energy to Champion Investment in Gabon’s Sector at Invest in African Energy (IAE) 2024
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Source: Parliament of the Republic of Uganda | Apr 23, 2024 Uganda: House stays rationalisation of Asian property board and Non-Performing Assets Recovery Trust (NPART) pending audit
Members of the Committee on Finance, Planning and Economic Development who scrutinised the Bill stressed the need for transparency, pointing out the absence of an inventory list of the Trust's assets
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Source: Embassy of the Republic of Indonesia in Khartoum, Sudan | Apr 23, 2024 Evacuation and Facilitation of the Return of Indonesian Citizens from Conflict Areas in Sudan
Ahmad Nadir expressed his gratitude for the attention of the Indonesian Government and the assistance provided by the Indonesian Embassy in seeking his return to Indonesia
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Source: The Ministry of Foreign Affairs of the Russian Federation | Apr 23, 2024 Press release on the BRICS sherpa and sous-sherpa meeting
The meeting participants discussed current issues on the agenda of the Russian year in BRICS, including the implementation of decisions adopted at the Johannesburg Summit on August 22-24, 2023
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Source: African Peer Review Mechanism (APRM) | Apr 23, 2024 Successful Completion of African Peer Review Mechanism's (APRM) Second Continental Training on South-South and Triangular Cooperation
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Source: Republic of South Africa: Department of International Relations and Cooperation | Apr 23, 2024 Director-General Dangor co-chaired the South Africa-Algeria Political Consultations with his Algerian counterpart
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CORRECTION: Kingdom of Lesotho Faces Worldwide Enforcement Action Following 50 million Euros Damages Award

Kingdom of Lesotho Faces Worldwide Enforcement Action Following 50 million Euros Damages Award

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