Emmerson approaches ICSID for arbitration over Morocco project
Aim-listed Emmerson has submitted a request for arbitration (RFA) to World Bank arm the International Centre for Settlement of Investment Disputes (ICSID) regarding what it says are breaches by the Moroccan government and its agents of the agreement between the UK and Morocco governments for the Promotion and Protection of Investments, which was signed on October 30, 1990, and entered into force on February 14, 2002. Emmerson is bringing a claim for full compensation in respect of its Khemisset potash project, which it had internally valued at $2.2-billion.
Aim-listed Emmerson has submitted a request for arbitration (RFA) to World Bank arm the International Centre for Settlement of Investment Disputes (ICSID) regarding what it says are breaches by the Moroccan government and its agents of the agreement between the UK and Morocco governments for the Promotion and Protection of Investments, which was signed on October 30, 1990, and entered into force on February 14, 2002. Emmerson is bringing a claim for full compensation in respect of its Khemisset potash project, which it had internally valued at $2.2-billion.
