Latest development Apr 17, 2026
The parties filed statements of costs in the annulment proceeding after post-hearing briefs on April 7, 2026.
The award
- Amount awarded
- $150M plus interest (GAR). The tribunal rejected most of a claim of about $2.7B.
- Award holder
- Corral Morocco Holdings AB
- Respondent
- Kingdom of Morocco
- Forum
- ICSID ARB/18/7 · collapse of an oil refinery
Challenges
Both parties sought rectification, decided on November 6, 2024. Morocco applied for partial annulment (registered December 6, 2024), and enforcement was provisionally stayed. The ad hoc committee ruled on continuing the stay on June 30, 2025 (outcome not stated on the ICSID page). The annulment hearing took place in Paris on March 19, 2026.
Enforcement
None reported.
Recovered to date
None reported
Notes
Annulment pending. Whether the stay of enforcement was continued not verified.