Kenya Says It Prevailed In $340M Geothermal Arbitration

Law360 (July 13, 2020, 6:45 PM EDT) -- Kenya escaped a $340 million arbitration brought by a U.S. and Canadian firm over a soured geothermal energy project that had been aimed at helping the country transition over from diesel electrical generation and hydroelectric power, its attorney general said on Saturday.

An International Centre for Settlement of Investment Disputes tribunal dismissed all of WalAm Energy LLC's claims in an award issued on Friday, according to a statement issued by Kenyan attorney general P. Kihara Kariuki. A copy of the award had not been made public by Monday, although the ICSID case registry reflected that it had been issued.

The dispute...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!