Quinn Emanuel Helps Defeat $12B Arbitration Claim Against Tunisia
The Republic has been ordered to pay the claimant $300,000 nominal compensation, ending a two-decade-long dispute which saw Herbert Smith Freehills co-counsel on the matter.
January 04, 2024 at 05:48 AM
2 minute read
Quinn Emanuel Urquhart & Sullivan has helped secure a victory for the Republic of Tunisia in an ICSID arbitration matter, successfully defeating claims amounting to billions of dollars, with the claimant being awarded a nominal 0.003% of the amounts it claimed, and none of its legal fees.
In late December, an arbitration tribunal issued an award dismissing ABCI Investments' claims against the Republic of Tunisia for over $12 billion and instead ordered compensation in the nominal amount equivalent to about $300,000.
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