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Procedural Posture
This Order, issued by the High Court of Justice of England and Wales (Commercial Court), addresses an ex parte application by the Claimant under Sections 66(1) and 66(2) of the Arbitration Act 1996. The Claimant sought leave to enforce an arbitral award dated 26 January 2021 (PCA Case No. 2019-05) and to enter judgment against the Defendant, the Republic of Ghana.
Jurisdiction and State Immunity
Reviewing the application on the papers, including the witness statement of Christopher Bailey, the Court determined that the Defendant was not entitled to sovereign immunity. The Court specifically relied on the exceptions to immunity codified in Sections 2 and/or 9 of the State Immunity Act 1978, thereby establishing jurisdiction to enforce the underlying arbitral award.
Decision and Operative Directions
The Court granted leave to enforce the Award and entered judgment for the Claimant in the principal sum of US$ 134,348,661, plus compounded interest at LIBOR plus 6%, and US$ 3,309,877.74 in arbitration and legal costs. The Court credited US$ 34,348,661 previously paid by the Defendant against the judgment debt. Furthermore, the Court granted permission to serve the Order out of the jurisdiction and afforded the Defendant two months and 22 days to apply to set aside the Order, staying active enforcement during this period. The Defendant was also ordered to pay £65,000 in summarily assessed costs for the application.