The ARA Libertad Arbitration (Argentina v. Ghana)
On 11 November 2013, the Arbitral Tribunal established under Annex VII of the United Nations Convention on the Law of the Sea (“Convention”) in the ARA Libertad Arbitration (Argentina v. Ghana) issued a Termination Order. The Termination Order records that the proceedings in this arbitration are terminated pursuant to Article 22(1) of the Rules of Procedure and that, in keeping with Article 28(4) of the Rules of Procedure, the Permanent Court of Arbitration (“PCA”) will render an accounting to the Parties of the amounts deposited with it and return the unexpended balance to the Parties in equal shares. The Termination Order follows an official signing ceremony held on 27 September 2013 at the Peace Palace in The Hague between the Parties, presided over by the President of the Arbitral Tribunal, H.E. Judge Bruno Simma. At the ceremony, the Argentine Republic and the Republic of Ghana signed an Agreement in relation to their dispute.
Further details of the signing ceremony including photographs, a video, and related documents are available here.
Click here for the press release issued on 13 November 2013.