12 °c
London
Monday, May 16, 2022
No Result
View All Result
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About
No Result
View All Result
FurtherAfrica
No Result
View All Result
Home Africa

Angola to ratify ICSID Convention (disputes connected with international investments) on next weeks

Duarte Marques da Cruz by Duarte Marques da Cruz
May 13, 2020
in Africa, Angola, FA, FDI, Legal, Legislation
Reading Time: 2 mins read
1k 53
0
Angola to ratify ICSID Convention (disputes connected with international investments) on next weeks
Share via QRWhatsappShare on FacebookShare on TwitterLinkedInPinteresteMail

Maintaining its policy of openness and stimulus to foreign investment, and after having ratified, on 2017, New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards, Angola will permit that foreign Investors have access to one of the most respected and used forms of international disputes resolution, ICSID Convention for Settlement of Investment Disputes between States and Citizens of other States

Angolan President João Lourenço signed ICSID Convention on last week, sending it to National Assembly for approval, with the ratification being expected on the following weeks.

Previously, Angola already have permitted its submission to ICSID arbitrations, through Bilateral Investment Treaties (as is the case of Angola-Germany BIT, which already allows German Investors to initiate an arbitration according with ICSID rules, against Angola).

This International Treaty, which entered into force on 1966, operates under International Center for Settlement of Investment Disputes (ICSID), one of the 5 World Bank Group’s organizations, having been ratified by 154 States.

ICSID Convention foresees a complex of internationally accepted and uniform arbitration rules, assuring fair and secure decisions. On other hand, the arbitral procedure is monitored and performed by ICSID, preventing any type of violation to Convention’s rules. In third place, the State part of the arbitration has an obligation to recognize and execute the arbitral award, safeguarding that the winner of the arbitration is indemnified.

Now, Angola becomes friendlier for big international investments and operations, attracting even more foreign Investors. With the ratification of ICSID Convention, Angola will ensure to Investors that if there is any dispute, they will have the faculty of reaching a quick and fair solution to the conflict.

Related

Tags: AngolaArbitrationCarrazedoFeatureICSID ConventionICSID Convention for Settlement of Investment Disputes between States and Citizens of other Statesinternational investmentsMarco GadanhaMC&ANew York Convention on the Recognition and Enforcement of Foreign Arbitral Awardsанголаأنغولاアンゴラ安哥拉
ScanSendShare423Tweet264Share74Pin95Send
Duarte Marques da Cruz

Duarte Marques da Cruz

Duarte Marques da Cruz is partner of the Portuguese law firm MC&A, specialized in international business advisory, with a special focus in Lusophone markets. With extensive experience in the Energy sector (Renewables and Oil & Gas) and in International Taxation, he has supported international companies in major upstream, midstream transactions and projects, including in implementing, exploration and development programs. Duarte has also supported international clients in other areas of practice, namely, Mining, Transport & Logistics, Regulatory Compliance and Mergers & Acquisitions in Mozambique, Angola and Portugal.

Related Posts

Agriculture

Swiss company sets up US$27M medicinal cannabis farm in Zimbabwe

by Farmers Review Africa
May 16, 2022
Tech

6 African startups at WEF’s top 100 global tech pioneers

by The Exchange
May 16, 2022
Trade

Ghana to increase coffee production by 300% to ramp up exports

by FurtherAfrica
May 16, 2022
Mining

MRG applies for rare earth and uranium exploration in Mozambique

by Club of Mozambique
May 16, 2022
BP production in Angola is in decline since 2017
Energy

SOMOIL’s defies predictions and contributes to Angola’s oil growth

by Energy Capital & Power
May 16, 2022
Great Limpopo Transfrontier Park
 
AFSIC 2022
 
MozParks

Translate this page

Read the Latest

Agriculture

Swiss company sets up US$27M medicinal cannabis farm in Zimbabwe

by Farmers Review Africa
May 16, 2022
0

Zimbabwe’s President Emmerson Mnangagwa has commissioned a US$27 million Swiss Bioceuticals Limited Medicinal Cannabis Farm and Processing Plant in Mount...

Read more

6 African startups at WEF’s top 100 global tech pioneers

May 16, 2022

Ghana to increase coffee production by 300% to ramp up exports

May 16, 2022

MRG applies for rare earth and uranium exploration in Mozambique

May 16, 2022
BP production in Angola is in decline since 2017

SOMOIL’s defies predictions and contributes to Angola’s oil growth

May 16, 2022

FurtherAfrica Partners

The Exchange Club of Mozambique Taarifa Rwanda
TechGist Africa Africa Oil & Power Farmers Review Africa
Tanzania Invest Zambia Invest See Africa Today
Africa Global Funds Novafrica CrudeMix Africa
Harambee Africa Botswana unplugged Financial Insights Zambia
Digilogic Africa

Subscribe to FurtherAfrica

Enter your email address to receive new articles on your email.

Join 73,051 other subscribers.

FurtherAfrica

© 2021 FurtherMarkets

FurtherAfrica is a FurtherMarkets Limited platform

  • Countries
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About

Follow Us

No Result
View All Result
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About

© 2021 FurtherMarkets

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
 

Loading Comments...