Emmerson considers international arbitration in investment dispute with Morocco
London-listed potash development company Emmerson has engaged Boies Schiller Flexner as its litigation counsel in an investment dispute with the Moroccan government.
The dispute arose out of alleged breaches by the Moroccan government and its agents of the Promotion and Protection of Investments agreement between the governments of the UK, Northern Ireland and Morocco.
This agreement was signed in October 1990 and became effective in February 2002.
The same agreement provides that Emmerson may submit a dispute for settlement by arbitration to the International Centre for the Settlement of Investment Disputes.
While there is no requirement for Emmerson to notify the Moroccan government of its intention to submit a claim to arbitration, the company has, in good faith, invited the government to engage in discussions regarding cash compensation for the damages incurred owing to what it says are Morroco’s breaches of the agreement with a view to achieving an amicable resolution of the dispute.
Emmerson hopes the dispute can be resolved amicably, however, it will consider any and all other actions necessary to ensure its rights are preserved.
Meanwhile, Emmerson has been having trouble gaining the Moroccan governments’ approval on a revised environmental- and social-impact assessment (ESIA) that the company submitted in the second quarter.
The revised ESIA incorporates a proprietary technology that Emmerson intends to use at its Khemisset potash project, called the Khemisset Multimineral Process.
Emmerson became aware in October of Morroco’s Commission Régionale Unifiée de l’Investissement’s “unfavourable recommendation” with respect to approving the application.
The company has been seeking clarification on a decision and the unfavourable recommendation, especially since it believes the benefits of the KMP process are multifold for the environment.
.
Comments
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Rooted in the hearts of South Africans, combining technology and a quest for perfection to bring you a battery of peerless standing. Willard...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
