Zimbabwean Plantation Owners Say Settlement Precludes Double Recovery Of Award

Mealey's (June 15, 2022, 12:48 PM EDT) -- WASHINGTON, D.C. — The owners of several Zimbabwean plantation-operating companies seeking to confirm a more than $263 million arbitral award against the Republic of Zimbabwe on June 13 asked a District of Columbia federal judge to take notice of their settlement in a Zimbabwean court with companies they own agreeing to divide the award with each other, which they say undercuts Zimbabwe’s argument that the owners and companies are seeking double recovery....