Tableau 20 : Commercial Creditor Lawsuits Against
HIPCs
|
HIPC Debtor
|
Creditor 2/
|
Domicile of Creditor
|
Status of Legal Action
|
Original Clain 3/4/
|
Judgement for Creditor
|
|
|
|
|
In millions of U.S. dollars
|
|
Cameroon
|
1 Winslow Bank
2 Del Favaro Spa
3 Sconset
4 GraceChurch CAPITAL
5 Antwep Investisments Limited
|
Bahamas
Italy
British Virgin Islands Cayman Islands
British Virgin Islands
|
Judgement to pay Judgement to pay Pending
Pending
In arbitration
|
9,9 2,9 18,2
8,9 13,3
|
19,9
4,6
... ... ...
|
|
Congo, D.R.
|
1 ENERGOINVEST
|
Former SFR Yugoslavia
|
Judgement to pay
|
55,8
|
81,7
|
|
2 KHD Humbolt Wedag AG Koln and others
|
Germany
|
Judgement to pay
|
...
|
80,4
|
|
3 GAT
|
|
In arbitration
|
19,0
|
...
|
|
Congo, Rep. of
|
1 GAT
|
Lebadon
|
Judgement to pay
|
77,0
|
78,3
|
|
2 Citoh Middle East
|
Lebadon
|
Judgement to pay
|
9,8
|
7,2
|
|
3 FG Hemisphere Assiociates LLC
|
U.S.A.
|
Judgement to pay
|
35,9
|
151,9
|
|
4 AF CAP, Inc.
|
Bermuda
|
Judgement to pay
|
5,9
|
...
|
|
5 Berrebi
|
France
|
Judgement to pay
|
1,91
|
...
|
|
6 Kensington International Ltd.
|
Cayman Islands
|
Judgement to pay
|
30,6
|
118,6
|
|
7 Walker International Holdings
|
British Virgin Islands
|
Judgement to pay
|
12,9
|
...
|
|
8 CommisimPex
|
Rep. of Congo
|
In arbitration
|
19,7
|
96,6
|
|
Ethiopia
|
1 Kintel
|
Bulgaria
|
Out of court settlement
|
8,7
|
8,7
|
|
Guyana
|
1 Citizens Bank (government bonds)
|
Guyana
|
Pending
|
26,4
|
...
|
|
2 EPDS
|
|
Pending
|
12,7
|
...
|
|
3 Barclays Bank
|
United Kingdom
|
Pending
|
3,1
|
...
|
|
4 Lloyds Bank
|
United Kingdom
|
Pending
|
0,4
|
...
|
|
5 ITT World Communication Inc.
|
U.S.A.
|
Pending
|
0,2
|
...
|
|
6 India Tata
|
India
|
Pending
|
0,1
|
...
|
|
7 CDC
|
United Kingdom
|
Pending
|
0,6
|
...
|
|
Honduras
|
1 Laboratories Bago
|
Argentina
|
Pending
|
1,45
|
...
|
|
Nicaragua
|
1 LNC Investments
|
U.S.A.
|
Judgement to pay
|
26,3
|
87,1
|
|
2 GP Hemisphere Associates
|
U.S.A.
|
Judgement to pay
|
30,9
|
126,0
|
|
3 Greylock Global Opportunity Master Fund
|
British Virgin Islands
|
Judgement to pay
|
10,5
|
50,9
|
|
4 Hamsah Investments, Ltd.
|
British Virgin Islands
|
Judgement to pay
|
2,5
|
11,6
|
|
Sao Tome &
|
1 Amnadale Associates
|
London
|
In arbitration
|
3,0
|
8,9
|
|
Principe
|
|
|
|
|
|
|
Sierra Leone
|
1 J&S Franklin Ltd.
|
United Kingdom
|
Judgement to pay (paid
|
1,1
|
2,4
|
|
2 UMACO
|
France
|
US$2.0 million)
|
0,6
|
...
|
|
3 Executive Outcomes, International Inc.
|
South Africa/Panama
|
Pending (paid US$ 0.1
|
19,5
|
28,5
|
|
4 Chatelet Investment Ltd.
|
Sierra Leone
|
million)
|
0,4
|
...
|
|
5 Scancem International ANS
|
Norway
|
Pending (paid US$ 1.1 million)
|
3,7
|
3,7
|
|
|
|
Pending
|
|
|
|
|
|
Settlement (paid US$ 2 million)
|
|
|
|
Uganda
|
1 Banco Arabe Espagnol
|
Spain
|
Judgement awarded
|
1,0
|
2,7
|
|
2 Transroad Ltd.
|
United Kingdom
|
and paid
|
5,5
|
10,6
|
|
3 Industry of Construction Machinery and
|
Former SFR Yugoslavia
|
Judgement awarded
|
8,4
|
8,9
|
|
Equipment
|
Former SFR Yugoslavia
|
and paid
|
1,3
|
1,8
|
|
4 Sours Fab External Development
|
Iraq
|
Judgement awarded
|
2,6
|
6,4
|
|
5 Shelter Afrique
|
Kenya
|
and paid
|
0,1
|
0,1
|
|
|
|
Judgement awarded and paid
|
|
|
|
|
|
Out of court settlement and paid
|
|
|
|
Zambia
|
1 Cunnecticut Bank of Commerce
|
U.S.A.
|
Judgement awarded
|
0,9
|
0,3
|
|
2 Fap Famos Belgrade
|
Former SFR Yugoslavia
|
and paid
|
26,0
|
26,0
|
|
3 Donegal International Limited
|
British Virgin Islands
|
Out of court settlement
|
15,4
|
...
|
|
|
|
(grace period)
|
|
|
|
|
|
Pending
|
|
|
Source: Comité du développement (FMI et Banque
mondiale), 2006, «Initiative des pauvres très endettés
(PPTE) et Initiative d'allègement de la dette multilatérale
(IADM) : Etat d'avancement », p. 4,
|
|
