A-G hires Atuguba and Associates to assist
UPDATED about 17 hours ago,The Law Platform Online
The Office of the Attorney-General and Ministry of Justice has engaged Gateley Legal and Atuguba and Associates to assist Ghana’s legal team defend the claim of US$1 billion in damages brought by Blue Gold Ltd. against the Republic of Ghana.
The Office of the Attorney-General and Ministry of Justice has engaged Gateley Legal and Atuguba and Associates to assist Ghana’s legal team defend the claim of US$1 billion in damages brought by Blue Gold Ltd. against the Republic of Ghana.
Blue Gold Ltd. makes the claim of US$1 billion in damages against Ghana at the Permanent Court of Arbitration for breaches to the bilateral investment treaty (“BIT”) entered between Ghana and the United Kingdom. According to Blue Gold Ltd. the attempt by Ghana to terminate a lease for the Bogoso and Prestea gold mine amounts to a breach of the said treaty.
Blue Gold Ltd., acting through its subsidiary, Blue Gold Holdings Limited, together with ‘Future Global Resources Limited’, the previous owner of the mine, are seeking 1 billion USD in damages in the arbitration proceedings commenced on 2nd April, 2025 at the Permanent Court of Arbitration under the 2021 UNCITRAL Arbitration Rules.
The arbitration tribunal which is composed of Klaus Sachs (chair), Raëd Fathallah, and Mohamed Abdel Wahab held its first case management conference in the early part 2026. Blue Gold Ltd. has discontinued proceedings in Ghanaian Courts to focus on their US$1 billion arbitration claim at the Permanent Court of Arbitration.
SOURCE
THE LAW PLATFORM ONLINE
