Grenada Private Power Limited and WRB Enterprises Inc v Grenada - ICSID Case No. ARB/17/13 - Press Release - GPP and WRB File Arbitration Claim with ICSID - 9 May 2017
Country
Year
2017
Summary
On May 5th [2017] Grenada Private Power Limited (GPP), the 50% shareholder of Grenlec, along with GPP's parent company WRB Enterprises Inc. (WRB), filed a request for arbitration with the World Bank's International Centre for Settlement of Investment Disputes (ICSID); the purpose of this arbitration is to enforce the Government of Grenada's contractual obligation to repurchase the 50% Grenlec shareholding that Government previously sold to GPP.
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