Frazer Solar wins arbitration award against Lesotho
Lesotho may see its global assets seized after arbitration ruling in SA
19 May 2021 - 21:02
Lesotho faces having €50m of its assets seized around the world after breaching the terms of a contract with Frazer Solar.
Frazer Solar, which began legal action against the southern African nation in 2019 after what it said were a series of contractual breaches, won an arbitration proceeding in SA, in which it was awarded the damages, the company said in a statement on Tuesday. A global enforcement action has now been filed in the District of Columbia in the US...
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