Arbitration proceedings in the US$100 million lawsuit filed by Smart City Solutions Holdings Inc against the Guyana Government over the controversial Parking Meter Project were wrapped up last week before the International Centre for Settlement of Investment Disputes (ICSID).

This was revealed by Attorney General and Minister of Legal Affairs Anil Nandlall, SC, who returned last weekend from Paris, France, where the hearings were held from September 29 to October 4 at the ICSID, which is an arbitration institution established by the World Bank Group to address legal dispute resolution and conciliation between international investors and states.
“The hearings included the testimony of several witnesses: fact witnesses as well as expert witnesses from both sides. It included the examination in chief of these witnesses as well as the evidence adduced from them through cross-examination. After that process was concluded, then both sides were invited to make their closing arguments…that was done Saturday,” Nandlall explained during his programme – “Issues in the News” – on Tuesday.


That tribunal is now expected to deliver its decision after hearing arguments from the two sides.








