Weather Report
15.23℃
Friday, April 26
“The judge shut the door describing the delay as “significant and substantial” and the excuses as “unreasonable and intrinsically weak.” “What is dis? A London-based United Nations Commission on International Trade Law tribunal has ordered the government of Ghana to pay a contractually defined “early termination payment” of more than US$134.3 million plus interest and costs.
Setting aside the reasons for the termination, which require a separate inquiry, the Attorney General and the foreign law firms should be held accountable for this inexcusable delay that has potentially cost us the opportunity to appeal the arbitration decision.” By Laud Nartey|3news.com|Ghana “Cumulatively, between 2013 and 2018 the nation was going to pay as much as $1.76 billion,” he told JoyNews.
“Yet, we fell asleep and did not take advantage of the 28-day window afforded us to challenge the arbitration panel’s decision that we should pay $170M to GPCG for terminating a contract.
“The government then found better things to do only to show up with a filing on April Fool’s day, this time represented by Volterra Fietta, with the excuse that it had been delayed by COVID and generalelections..
Read Full Story
