Burford backs claim against Republic of Congo
Burford Capital is backing a USD $8.8 billion claim by Australian mining company Sundance Resources against the Government of the Republic of Congo and, if required, the Government of Cameroon. The dispute arises out of the Congo Government’s expropriation of the mining permit of one of Sundance’s subsidiaries in the Sangha region of Congo. Arbitration proceedings have already been commenced in London under the rules of the International Chamber of Commerce. Clifford Chance is representing the company. Read more.