61 Days
Source:
تونزي تيليغراف
Sidi El Khelani Field Returns Again as Zenit Turns to Swiss Federal Court
Tunisia has faced a development in a legal dispute related to the oil sector, after Zenith Energy submitted new legal updates regarding the termination decision of the exploitation concession for the SLK oil field. The Canadian company is demanding compensation of up to approximately $130 million, claiming that the termination was carried out unlawfully. They also believe that undisclosed relations between the arbitration tribunal and the Tunisian party may have compromised the tribunal's impartiality. The company has provided evidence supporting these allegations to the Swiss court, which could lead to the annulment of the arbitration award and the reopening of the case. This situation potentially impacts Tunisia's interests and its investment reputation.
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