ICSID Dismisses Arbitration Over Interests In Fishing Joint Venture In Mozambique

(November 21, 2019, 10:33 AM EST) -- WASHINGTON, D.C. — The International Centre for Settlement of Investment Disputes (ICSID) on Nov. 18 found that it lacked jurisdiction to decide a dispute over a South African national’s interests in contractual arrangements with two Mozambican state-owned entities for the conduct of a joint fishing venture in the Republic of Mozambique and that each party is responsible to bear its share of the costs of arbitration in the total amount of $489,929.26 (Oded Besserglik v. Republic of Mozambique, No. ARB[AF]/14/2, ICSID)....

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