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2017
Puma Energy v. Benin Puma Energy Holdings SARL v. the Republic of Benin
Nationality of the parties
Benin
Luxembourg
Summary of matters at issue
Investments in a fuels terminal acquired by local subsidiary Puma Benin.
Claims arising out of the decision of an appeals court in Benin that nullified Puma Benin’s purchase of a fuels terminal in Cotonou and ordered the claimant’s local subsidiary to pay approx. US$15 million in damages to a minority shareholder in the divesting company Benin Petroleum Services, as well as Benin’s alleged failure to comply with an emergency order rendered under the SCC Rules to prevent enforcement of the court decision.
Economic sector and subsector
Tertiary: H - Transportation and storage
49 - Land transport and transport via pipelines
Arbitral rules and administering institution
SCC (Stockholm Chamber of Commerce)
SCC (Stockholm Chamber of Commerce)
Composition of tribunal
Name not available
Name not available
Name not available
Status/Outcome of original proceedings
Pending
Decisions rendered
None
Amount of compensation
Data not available
Data not available
IIA breaches alleged/found
Data not available
Pending
Follow-on proceedings
None
Link to Italaw's case page