An international arbitration tribunal seated in London has in a 202-page award dated 18 November 2024, dismissed the claims of Ghana Community Network Services Limited (GCNet), instituted against the Republic of Ghana under Article 18 of the Arbitration Rules of the United Nations Commission on International Trade Law of 1976 (the UNCITRAL Rules).
The Tribunal ordered GCNet to pay Ghana US$2,185,983.21 in legal fees.
This comprises US$1,744,050.42 in legal representation and US$441,932.79 for fees and expenses of Ghana's expert witness together with interest on the aggregate amount of US$2,185,983.21, as simple interest from 30 days following the date of the Tribunal's Award until payment at the rate of USD SOFR + 1%.
GCNet was represented by an English law firm, Quinn Emanuel Urquhart & Sullivan, LLP, and two Ghanaian firms - Beyou and Co.
