Govt wins against Sinohydro

Yesterday the Court of Appeal (CoA) ruled in favour of the government following a 2014 decision by Lobatse High Court Justice, Michael Leburu, which required government to pay the P43m into a mutually held escrow account as directed by the Dispute Adjudication Board (DAB).

The money was to be held into the account, and thereafter be used to reimburse the government for any claims duly processed and approved against Sinohydro. The balance of these funds was to go to the Chinese company.