A Beijing-based construction company has brought one of the first known claims by a mainland Chinese investor against an African country, seeking US$55 million from Ghana after its contract to develop an intelligent traffic management system for Accra was cancelled and it was replaced by other Chinese contractors.
Beijing Everyway Traffic and Lighting Tech Co Ltd served a notice of arbitration on the government of Ghana on 10 February, kicking off an ad hoc arbitration procedure under the China-Ghana bilateral investment treaty. Everyway is represented by Zhong Lun Law Firm in Beijing, with the team led by partner Wei Sun, a well-known construction arbitration specialist and secretary general of the Permanent Forum on China Construction Law.
For more information, please see https://globalarbitrationreview.com/chinese-company-brings-claim-against-ghana
