Quinn Emanuel Successfully Defends Tunisia Against $12 Billion ICSID Arbitration Claim

Quinn Emanuel Urquhart & Sullivan recently represented the Republic of Tunisia in a high-stakes legal case at an ICSID arbitration matter, denying claims totaling several billion dollars. The claimant was awarded a nominal 0.003% of the amounts it claimed and none its legal fees. The decision from the tribunal in late December dismissed the massive $12 billion claims that ABCI Investments brought against Tunisia, instead awarding the claimant a nominal amount of around $300,000. Further details can be found within the original article, which also notes the termination of a lengthy legal battle that spanned over two decades, during which Herbert Smith Freehills was listed as co-counsel.