Africa-Press – Mozambique. Mozambique has stripped an undisclosed chunk from its claim against Emirati-Lebanese shipbuilder Privinvest over the “tuna bonds” scandal, just days after settling its case against Credit Suisse, London’s High Court heard on Thursday.
The latest deal draws a line under the costs the African republic was claiming from Privinvest for macroeconomic losses.
Mozambique’s lawyer Jonathan Adkin said on Thursday that the republic had reached a settlement with Privinvest, which had led to the “removal of the economic loss issue” from the case.
Adkin did not give a figure for that portion of Mozambique’s claim, but court filings show the republic was seeking around $830 million for losses suffered between 2016 and 2018.
The settlement comes three days after Credit Suisse’s new owner UBS resolved its dispute
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