- The High Court in Lagos, Nigeria, dismisses Bharti Airtel's appeal to set aside an award made by an international commercial arbitration tribunal in favour of Econet Wireless
- The judgement paves the way for the matter to be referred back to the international tribunal to set the quantum of damages and compensation that Bharti must pay Econet Wireless
- In Court papers, Econet said that it is submitting a claim valued in excess of $3bn
- In the extensive judgement, the Lagos High Court found that the international Tribunal had been correctly constituted, had jurisdiction and had acted correctly on all accounts.
To see full PDF - Click here - Judgement of the High Court on the arbitral appeal