A London court has ordered Zimbabwe to pay US$125 million to two timber firms whose land was seized by the government, rejecting its claim of state immunity in a case that tests the enforcement of international arbitration awards.
La justice britannique a demandé au Zimbabwe de se conformer à une décision de 2015 exigeant le paiement de 125 millions de dollars à deux entreprises pour des terres saisies lors de la réforme foncière controversée du pays au début des années 2000.
ZIMBABWE continues its fight in the United States (US) to block enforcement of a US$277 million arbitration award to a German and Swiss family which stems from the country’s controversial land reform programme.
There are only two types of farmers that can be compensated for both land and improvements on farms. On of them is farmers whose land was protected by Bilateral Investment Protection and Promotion Agreements.