Singapore court sets aside award against Lesotho

In the first case of its kind in Singapore, the High Court has set aside an investor-State arbitral award on the merits against the Kingdom of Lesotho ("Lesotho"). The case related to claims by Swissbourgh Diamond Mines (Pty) Limited and others ("the Claimants") that their mining leases were unlawfully expropriated in breach of Lesotho's obligations under the treaty of the Southern African Development Community ("the SADC Treaty"). This is an important case, as it concerns whether investors can use arbitration to resolve cases that were pending before the SADC Tribunal when it was dissolved by the SADC Summit in 2014. It is also of significance to those interested in investor-state arbitration in Singapore and beyond.

Read more: Singapore court sets aside award against Lesotho

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