The China Africa Joint Arbitration Centre: A Natural Step to Sustain the Exponential Growth of Sino African business and trade, by Saadia Bhatty, Esq. MCIArb.*

China is Africa’s largest trading partner today. Significantly, in 2016, China invested more than USD 14 billion in Africa. Its capital investment into Africa up to July 2016 notably increased by 515% from full year 2015 figures. In addition, the number of investment projects into Africa from China has also been exponentially growing, with 36 projects recorded from January to July 2016 alone. Continue reading

2017: The Year of Foreign Investment Revival for Egypt? by Saadia Bhatty, Esq. MCIArb.*

Egypt is among the top 10 signatories of Bilateral Investment Treaties (“BITs”) worldwide, with a total number of over 100 BITs. It is also ranked second, after Angola, in the list of top African countries with foreign direct investment (“FDI”) growth with an increase of 49.3% of FDI inflow going from $4.6 billion in 2014 to $6.9 in 2015 (UNCTAD World Investment Report (2016)). This growth of FDI has been driven mainly by the expansion of foreign affiliates in, inter alia, the financial, pharmaceutical, energy, construction and transport industry. But despite this positive development, Egypt lost 19 places in the 2016 Doing Business report published by the World Bank ranking it 131th out of 189 countries and FDI inflows in Egypt remain well below the $11.4 billion reached in 2009. Continue reading

Third Party Litigation Funding: A New Route to Accessing Justice by Bobby Banson*

ACCESS TO JUSTICE

With the recent hikes in the filling fees and other administrative charges associated with Court proceedings and processes in Ghana as well as the upward adjustments of the Bar Scale of Fees for Lawyers, the perception that justice is the preserve of the rich seems to have gained notoriety. Litigants are made to weigh the cost benefit analysis before venturing into the area of litigation. This situation leaves prospective litigants no choice than to take solace in the proverbial words of “Fame Nyame” to wit “leave it to God”. Justice is simply expensive in Ghana to the average person. Continue reading