Sterling Merchant Finance Ltd v. Government of the Republic of Cabo Verde

Case conducted under the UNCITRAL Arbitration Rules 2010 pursuant to a contract between Sterling Merchant Finance Ltd and The Growth and Competitiveness Project of the Government of the Republic of Cabo Verde dated 30 October 2006, for the provision of consulting services in relation to the restructuring of TACV - Cabo Verde Airlines.

Case information

Name(s) of Claimant(s) Sterling Merchant Finance Ltd (Private entity )
Name(s) of Respondent(s) Government of the Republic of Cabo Verde (State)
Names of Parties -
Case number 2014-33
Administering institution Permanent Court of Arbitration (PCA)
Case status Concluded
Type of case Contract-based arbitration
Subject matter or economic sector Financial and insurance
Procedural rules UNCITRAL Arbitration Rules 2010
Treaty or contract under which proceedings were commenced


Language of Proceeding English
Seat of Arbitration (by Country) Netherlands
Arbitrator(s), Conciliator(s), Other Neutral(s)

Professor Juan Fernández-Armesto

Representatives of the Claimant(s)

Sir Roger B. Jantio (CEO and Senior Managing Director)

Sterling Merchant Finance Ltd


Mr. Luis Gonzales-Garcia

Matrix Chambers


Representatives of the Respondent(s)

Ms. Sofia Martins

Ms. Catarina Carvalho Cunha

Miranda Correira Amendoeira & Associados

Representatives of the Parties
Number of Arbitrators in case 1
Date of commencement of proceeding 05 August 2014
Date of issue of final award 27 November 2015
Length of Proceedings -
Additional notes -