Representing Privinvest

By Gavin Lunning
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Gavin Lunning

We represent Privinvest in connection with a US$2bn claim brought against Credit Suisse by the Republic of Mozambique. The claim relates to supply agreements and supporting financial instruments and guarantees entered into by state-owned enterprises dedicated to the development of Mozambique’s offshore Exclusive Economic Zone and supporting international investment into its oil and gas reserves. The claim engages allegations of bribery of Mozambican government officials. We acted for Privinvest companies in their successful March 2021 appeal of the question of whether claims against them were in the scope of arbitration agreements.

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