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IN THE UNITED STATES DISTRICT COURT
FOR THE DISTRICT OF COLUMBIA
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BORDER TIMBERS LIMITED AND Petitioners, v. REPUBLIC OF ZIMBABWE, Respondent. |
Civil Action No. 1:21-cv-02428-APM |
JUDGMENT
This matter came before the Court, the Honorable Amit P. Mehta, United States District Judge, on the motion for summary judgment brought by Border Timbers Limited (“Border Timbers”) and Hangani Development Co. (Private) Limited (“Hangani”) (collectively, “Petitioners”) in connection with their Petition to confirm and enforce an arbitration award. The Court, having reviewed the Petition, the arbitration award, and all supporting papers and opposition papers, and having issued, on July 24, 2026, its Memorandum Opinion granting the motion for summary judgment;
IT IS HEREBY ORDERED, ADJUDGED, AND DECREED that:
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- in the amounts of $126,569,887, £1,024,718 and ZAR87,345, which includes pre-award and post-award interest through July 31, 2026.
- Starting August 1, 2026, interest shall accrue at the SOFR rate plus 2%, compounded every six months, through the date that final judgment is entered, which, until December 31, 2026, is $19,632.03, £158.94 and ZAR13.55 per day.
- From the date judgment is entered until the judgment is satisfied in full, post-judgment interest shall accrue at the statutory interest rate set forth in 28 U.S.C. § 1961.
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Dated: August 3, 2026 |
Amit Digitally signed UNITED STATES DISTRICT COURT |