Latest development Sep 16, 2021
GAR reported the U.S. default judgment enforcing the award against the DRC.
The award
- Amount awarded
- About $617M (GAR, March 2019). GAR put the award at $620M in 2020 and $619M in 2021.
- Award holder
- DIG Oil (South African oil exploration company)
- Respondent
- Democratic Republic of the Congo
- Forum
- ICC · contracts for petroleum blocks · annulment sought in Paris
Challenges
The DRC failed to have the award annulled in Paris (GAR, May 2020).
Enforcement
Petition filed in the D.D.C. on April 30, 2020 (No. 1:20-cv-01130). The court entered a default judgment enforcing the award, and the case closed on September 14, 2021.
Recovered to date
None reported
Notes
No development after September 2021 verified. Award date and exact amount not checked against the award. Claimant name from the D.D.C. caption (DIGOIL).