Eritrea faces default judgment in $200 million dispute with Qatar National Bank

Eritrea faces default judgment in $200 million dispute with Qatar National Bank

Six months after being notified, the Horn of Africa country has yet to initiate its defence in the second court case against it.

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            ▪ Eritrea faces default judgment in $200 million dispute with Qatar National Bank

▪ Six months after being notified, the Horn of Africa country has yet to initiate its defence in the second court case against it.

https://www.africabusinessplus.com/en/808781/eritrea-faces-default-judgment-in-200-million-dispute-with-qatar-national-bank/

The dispute dates to March 2009 when the government of President Isaias Afwerki approached Qatar National Bank (QNB) to borrow $30 million before amending the terms of the contract signed by the finance ministry to increase the amount to $200 million.

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