Al Amoudi recently filed a complaint against Morocco at the World-bank affiliated ICSID thus ending a series verbal threats the Saudi investor has been brandishing since 2015 against Moroccan investment authorities.
Comme il menaçait de le faire depuis 2015, l’actionnaire majoritaire de la Samir, cheikh Al Amoudi a finalement eu recours à la procédure d’arbitrage de la Banque mondiale dans le litige qui l’oppose à l’État marocain.
Shocking information from insiders tells us that the authorities are about to make a payment to the International Settlement of Investment Disputes of nearly US dollars 500,000 as a prepay for the three litigations.
The tribunal found that Novenergia’s investments were achieving a reasonable rate of return. However, the tribunal held that it was sufficient for the claim to succeed that Novenergia could show “quantifiable prejudice” compared with its position when it initially made its investment.