Tuesday, April 28, 2009

Zi assets face seizure to pay back farmers

from the UKTelegraph

after a six-year legal battle between a group of Dutch farmers and President Robert Mugabe's government.

It finally ruled last week that Mr Mugabe's government had broken a bilateral investment treaty with the Netherlands and awarded the group more than £14 million in compensation.

he ICSID is part of the World Bank and the judgment can be enforced by seizing Zimbabwean state assets - such as Air Zimbabwe's aircraft - in any of its more than 100 member countries, which include both Britain and America. Embassy buildings, though, are excluded from seizure under the Vienna conventions....

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