Burkina Faso: Nationalization of BCB caught up in international arbitration

Two years after nationalizing the Banque Commerciale du Burkina (BCB), Ouagadougou will have to defend its decision in front of international arbitration. The Libyan Foreign Bank (LFB), former shareholder at 50% of the institution, has initiated proceedings against the Burkinabe State before the International Centre for Settlement of Investment Disputes (ICSID). The request was officially……