19
Nov
Ghana wins wrongful termination case against GCNet, awarded $2.2m costs An international arbitration tribunal in London has dismissed the Ghana Community Network Services Limited (GCNet)'s claims, challenging the Government of Ghana’s termination of a service agreement for managing customs and trade systems at Ghanaian ports. The court awarded Ghana $2,185,983.21 in legal fees, which includes $1,744,050.42 for legal representation and $441,932.79 for expert witness fees, with simple interest at USD SOFR + 1% if unpaid within 30 days of the ruling. The application was filed by GCNet for arbitration in June 2022. Under the agreement, GCNet was in charge of…