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Averda sues the Gabonese state in an attempt to recover €35m debt

Averda sues the Gabonese state in an attempt to recover €35m debt

The Lebanese waste management company filed a request for arbitration against the Gabonese government at the beginning of June at the International Chamber of Commerce (ICC), Jeune Afrique Business+ has learned. The company, which operated in the Gabonese capital from December 2014 to September 2019, had several times contested the state’s defaulted payments.

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            ▪ Averda sues the Gabonese state in an attempt to recover €35m debt

▪ The Lebanese waste management company filed a request for arbitration against the Gabonese government at the beginning of June at the International Chamber of Commerce (ICC), Jeune Afrique Business+ has learned. The company, which operated in the Gabonese capital from December 2014 to September 2019, had several times contested the state’s defaulted payments.

http://www.jeuneafriquebusinessplus.com/en/805008/averda-sues-the-gabonese-state-in-an-attempt-to-recover-e35m-debt/

13/07/2020 at 17h09, by Caroline Chauvet

The conflict between Averda and Gabon continues in France. After several attempts at amicable conciliation, the Lebanese waste management company filed a request for arbitration against the Gabonese authorities in early June at the International Chamber of Commerce (ICC) Court of Arbitration, based in Paris.

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