Republic of Congo Wins ICC Arbitration Victory

March 8, 2008

Cleary Gottlieb successfully represented the Republic of Congo in an International Chamber of Commerce arbitration commenced in 2006. The ICC Arbitral Tribunal dismissed all claims on March 8.

The arbitration arose from a 2004 settlement agreement allegedly concluded by the Republic of Congo for a 1997 sale contract for 600 cars. The Republic of Congo asserted that the settlement agreement was never signed by the parties and, in any event, was not binding because Congo’s Minister of Finance did not approve it.