The British Virgin Islands high court rejected the TCC plea for attachment of the Pakistan International Airlines assets but also imposed a $5 million cost as well as $50,000 penalty on the company.
The AfCFTA Secretariat has established a dispute settlement body, that will function as a full-court with the right mechanisms and structures in place to settle trade disputes.
The Paris Court of Appeal has set aside a $1.1 billion award against Russia for the expropriation of the Crimean branch of Ukrainian state-owned bank Oschadbank.
The British Virgin Islands High Court ruled in favour of Pakistan in a case initiated by TCC for attachment of assets belonging to the Pakistan International Airlines, as part of its efforts for the enforcement of the Reko Diq award.