ICSID Ad Hoc Committee Won’t Annul Award For Cameroon In Investment Dispute

Mealey's (November 19, 2019, 8:05 AM EST) -- WASHINGTON, D.C. — An International Centre for Settlement of Investment Disputes (ICSID) ad hoc committee on Oct. 25 dismissed an application for annulment filed by Capital Financial Holdings Luxembourg S.A. (CFHL) after a divided tribunal declined jurisdiction over the company’s claim against the Republic of Cameroon alleging that its investment in a Cameroon bank was expropriated, finding that there was no showing that the tribunal exceeded its power (Capital Financial Holdings Luxembourg S.A. v. Republic of Cameroon, No. ARB/15/18, ICSID)....