ICSID Rejects Democratic Republic Of Congo's Application To Annul

(May 12, 2016, 4:04 PM EDT) -- PARIS — An ad hoc committee on March 29 rejected an application filed by the Democratic Republic of the Congo (DRC) to annul a tribunal's award that found that it expropriated an investment in a company held by two claimants (Antoine Abou Lahoud et Leila Bounafeh-Abou Lahoud v. République Démocratique du Congo, No. ARB/10/4, ICSID).

(Judgment in French available. Document #05-160524-028X.)

On June 9, 2014, the DRC filed a request for annulment with ICSID of an award that was issued Feb. 17, 2014, in favor of...
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