RE: Message to MM’s23 Jan 2025 12:07
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he Decision has also ordered the Claimants and Respondent to consult and agree on a shorter procedural timetable and to communicate this to the Tribunal no later than January 20, 2025.
For background, the ICSID Arbitration was initiated by the Claimants in June 2023 following the Republic of Tunisia's failure to comply with the terms of the Investment Treaty BIT United Kingdom of Great Britain and Northern Ireland - Tunisia signed in 1989.
The amount claimed for the ICSID Arbitration, determined by a panel of international quantum experts appointed by the Company, is for a total principal amount of US$503 million.
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