This is an extract of our article in the GAR’s The Middle Eastern and African Arbitration Review 2023. The whole publication is available here.
This article outlines some of the legal concepts faced by investors and African states involved in large energy projects when a sudden change in the legal and economic context arises, and the disputes around these concepts. It also gives insight into two trending issues for energy projects in Africa that could give rise to contractual renegotiations and arbitrations in the years to come.
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On April 8, An Act to amend various provisions mainly with respect to the financial sector, was tabled in the National Assembly further to the last financial omnibus bill that was assented to on May 9, 2024.
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On March 23, the Prime Minister of Canada called a federal election to be held on April 28.
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On March 27, the Autorité des marchés financiers (AMF, Quebec’s financial markets regulator) published proposed amendments (the Amendments) in a publication titled Regulation to amend Regulation 81-102 respecting Investment Funds pertaining to crypto assets.
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