RULING
INTRODUCTION
The 1st and 2nd interested parties are private equity investment vehicles incorporated under the laws of Mauritius and Luxembourg, respectively. The 3rd interested party is a private limited liability company incorporated under the laws of Ghana. The applicant is the founder of the 3rd interested party. The 1st and 2nd interested parties are the shareholders of the 3rd interested party. The respondent is the arbitral tribunal hearing the arbitration, comprising Professor Richard Frimpong Oppong, Mr. Kizito Beyuo, and Mr. Shadrack Arhin, with Professor Oppong acting as the chairperson.
BACKGROUND FACTS
The facts are not in dispute. In 2018, the applicant and the interested parties executed two agreements: an Investment Agreement and a Shareholders’ Agreement. The parties agreed that the investments of the 1st and 2nd interested parties in the 3rd interested party were based on the comprehensive business plan that the 3rd interested party was to implement. It was further…