Zenith Energy Africa Ltd, Zenith Overseas Assets Ltd and Compagnie du Désert Ltd v Republic of Tunisia - ICSID ARB 23 18 - Press Release Zenith Energy Ltd Concerning ICSID Arbitration against the Republic of Tunisia - 7 June 2023
Country
Year
2023
Summary
Zenith Energy Ltd., the international energy production and development company, announces the formal submission of various legal proceedings against the Republic of Tunisia, with a total cumulative claimed amount of at least US$48 million.
Zenith's fully owned subsidiaries (together, the "Investors") have submitted a request for arbitration against the Republic of Tunisia before the International Centre for Settlement of Investment Disputes in Washington DC ("ICSID") - (the "Arbitration").