Summary

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OPERATIVE PART

Taking account of the decisions of the Tribunal in Sections XIV to XIX of this Arbitral Award, the Tribunal decides the claims of URBAJET (set out in paragraph 249 above) as follows:

(1) Declares admissible the objection to jurisdiction raised by the Respondent, but dismisses it on the merits, with the Tribunal having jurisdiction to hear the claims filed by URBAJET;

(ii) Orders the Republic of Equatorial Guinea to pay URBAJET, in euros, within a period of fourteen (14) days from notification of this Arbitral Award by the Secretariat in compliance with Article 35 of the Rules, the following sums calculated by FTI as at 30 September 2024, updated according to the original currency of the loss suffered by the MLER, or by the weighted average rate of accounts and certificates of deposit to 6 months of the BAM, where applicable with annual capitalisation", up until the date of notification of the Arbitral Award:

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