Eritrea faces default judgment in $200 million dispute with Qatar National Bank
Six months after being notified, the Horn of Africa country has yet to initiate its defence in the second court case against it.
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▪ Eritrea faces default judgment in $200 million dispute with Qatar National Bank
▪ Six months after being notified, the Horn of Africa country has yet to initiate its defence in the second court case against it.
▪ https://www.africabusinessplus.com/en/808781/eritrea-faces-default-judgment-in-200-million-dispute-with-qatar-national-bank/
The dispute dates to March 2009 when the government of President Isaias Afwerki approached Qatar National Bank (QNB) to borrow $30 million before amending the terms of the contract signed by the finance ministry to increase the amount to $200 million.
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