{"id":55878,"date":"2024-04-03T14:40:59","date_gmt":"2024-04-03T14:40:59","guid":{"rendered":"https:\/\/www.africa-press.net\/gambia\/uncategorized\/court-orders-gambia-to-pay-over-20m-for-shrimp-farms-seized-by-jammeh"},"modified":"2024-04-03T15:34:20","modified_gmt":"2024-04-03T15:34:20","slug":"court-orders-gambia-to-pay-over-20m-for-shrimp-farms-seized-by-jammeh","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/gambia\/all-news\/court-orders-gambia-to-pay-over-20m-for-shrimp-farms-seized-by-jammeh","title":{"rendered":"Court orders Gambia to pay over \u00a320M for shrimp farms seized by Jammeh"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Gambia. <\/strong><\/span><b>The Gambia Government has announced that it has lost a litigation to the owners of a shrimp farming business in Pirang and Sanyang and has been ordered to pay over \u00a320 million.<\/b><\/p>\n<p>A statement issued by the government spokesman over the weekend said the verdict was delivered by the Paris-based International Centre for Settlement of Investment Disputes (ICSID).<\/p>\n<p>On 3 June 2015, then president, Yahya Jammeh seized the West African Aquaculture Limited (WAA) shrimp farms in Pirang and Sanyang belonging to Mr and Ms Hansson.<\/p>\n<p>\u201c[I]n the wake of the change of government in 2017 followed by unsuccessful negotiations, WAA\u2019s proprietors referred the matter to the ICSID for arbitration. After almost six years of deliberations, the tribunal ruled that former president Jammeh\u2019s actions were unlawful and ordered The Gambia Government to compensate WAA \u00a38,700,233 for damages. In addition, an 8% interest on the said sum compounded annually from 3 June 2015 to the date of payment plus cost and legal fees. The total award stands at more than \u00a320 million,\u201d the government statement detailed.<\/p>\n<p>It added: \u201cCrucially, this case exposes the consequences of Jammeh\u2019s reckless disregard for the rule of law and his arbitrary decisions that continue to negatively haunt the current administration. In light of this development, The Gambia Government is considering various options including, but not limited to appealing the tribunal\u2019s decision&#8230;\u201d<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/gambia\">Gambia<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Gambia. The Gambia Government has announced that it has lost a litigation to the owners of a shrimp farming business in Pirang and Sanyang and has been ordered to pay over \u00a320 million. A statement issued by the government spokesman over the weekend said the verdict was delivered by the Paris-based International Centre [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":55876,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,7,12],"tags":[2355,2361,260],"class_list":["post-55878","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-head-lines","category-policy","tag-africa-press","tag-africa-press-gambia","tag-gambia"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Court orders Gambia to pay over \u00a320M for shrimp farms seized by Jammeh - Gambia<\/title>\n<meta name=\"description\" content=\"The Gambia Government has announced that it has lost a litigation to the owners of a shrimp farming business in Piran ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/gambia\/all-news\/court-orders-gambia-to-pay-over-20m-for-shrimp-farms-seized-by-jammeh\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Court orders Gambia to pay over \u00a320M for shrimp farms seized by Jammeh\" \/>\n<meta property=\"og:description\" content=\"The Gambia Government has announced that it has lost a litigation to the owners of a shrimp farming business in Piran ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/gambia\/all-news\/court-orders-gambia-to-pay-over-20m-for-shrimp-farms-seized-by-jammeh\" \/>\n<meta property=\"og:site_name\" content=\"Gambia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-03T14:40:59+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-03T15:34:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/gambia\/sites\/19\/2024\/04\/sm_1712145719.97094.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/court-orders-gambia-to-pay-over-20m-for-shrimp-farms-seized-by-jammeh#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/court-orders-gambia-to-pay-over-20m-for-shrimp-farms-seized-by-jammeh\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/gambia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Court orders Gambia to pay over \u00a320M for shrimp farms seized by Jammeh\",\"datePublished\":\"2024-04-03T14:40:59+00:00\",\"dateModified\":\"2024-04-03T15:34:20+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/court-orders-gambia-to-pay-over-20m-for-shrimp-farms-seized-by-jammeh\"},\"wordCount\":245,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/court-orders-gambia-to-pay-over-20m-for-shrimp-farms-seized-by-jammeh#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/gambia\/sites\/19\/2024\/04\/sm_1712145719.97094.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Gambia\",\"Gambia\"],\"articleSection\":[\"all news\",\"head lines\",\"policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/gambia\/all-news\/court-orders-gambia-to-pay-over-20m-for-shrimp-farms-seized-by-jammeh#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/court-orders-gambia-to-pay-over-20m-for-shrimp-farms-seized-by-jammeh\",\"url\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/court-orders-gambia-to-pay-over-20m-for-shrimp-farms-seized-by-jammeh\",\"name\":\"Court orders Gambia to pay over \u00a320M for shrimp farms seized by Jammeh - 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