U.K. Supreme Court: Mozambique Must Arbitrate Bribery Claims Against Developers

(October 18, 2023, 2:23 PM EDT) -- LONDON — The United Kingdom Supreme Court ruled that the Republic of Mozambique must arbitrate allegations of bribery against shipbuilding and development entities that it accuses of exposing the nation to a $2 billion liability based on arbitration clauses in the contracts the entities entered into with state-owned investment entities, despite Mozambique’s status as a non-signatory to those contracts....