Zenith Energy (GB:ZEN) has released an update.
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Zenith Energy has announced a decisive victory in its arbitration case against the Republic of Tunisia, with the International Centre for Settlement of Investment Disputes rejecting Tunisia’s request for bifurcation. This decision marks a significant step forward in Zenith’s pursuit of compensation for damages, totaling around $503 million, due to Tunisia’s alleged breach of an investment treaty. The company remains optimistic about future rulings in related arbitration cases, which are expected to conclude in the coming years.
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