The Court of Appeal in a recent ruling enforced a $176 million arbitration award against the government to Azad Mirza, of Falcon Transportation and Construction Services, who back in 2017 had been awarded a road building contract.
This is according to a press release from attorney for Mirza Senior Counsel K.A. Juman-Yassin who sought to explain that a dispute over the execution of the project, had arisen between Mirza and the Ministry of Agriculture, which saw the matter being referred for arbitration.
According to the release, before the arbitration was completed, one of the three members of the tribunal resigned, which saw the other two members proceeding with the process and awarding Mirza more than $176,000,000.
An application was subsequently made to the High Court for the arbitration award to be enforced but Justice Franklyn Holder had ruled at the time that the arbitration tribunal was not properly constituted.