Judge Confirms $60M Award In Ghanaian Internet Loan Dispute

(October 1, 2024, 12:36 PM EDT) -- NEW YORK — A U.S. District Court for the Southern District of New York judge confirmed an London Court of International Arbitration (LCIA) award worth more than $60 million against the guarantor of a Ghanian high-speed internet network company that received and then defaulted on a loan, finding that the award is not excessive and does not violate public policy and that no other grounds for nonrecognition of the award apply....