Due to the imminent creation of the new Ibero-American Court of Arbitration, which will unit countries from four different continents, Equatorial Guinea is running as a candidate to be its headquarters. This would put Equatorial Guinea at the forefront of countries that host large justice institutions, such as The Hague, Strasbourg, Paris or London.
For this, the Ambassador of Equatorial Guinea in the Netherlands, Carmelo Nvono-Ncá, has visited his Nicaraguan counterpart in The Hague, Carlos Argüello Gómez, to present this candidacy. As dean of the Diplomatic Corps in the Dutch country and member of the United Nations International Law Commission (CDI), Argüello is positioned as a great expert on the international legal scene.
As The Hague is home to one of the most important arbitration courts in the world, belonging to the World Bank, soon the countries of four continents will unite in order to build a prestigious arbitration court, called to guarantee investments in Africa, Latin America and Asia, always with the experience of the Member States of the European Union.
It is expected that this same year the main headquarters and two high representative offices of this important Ibero-American Court of Arbitration will be designated. Ambassador Carmelo Nvono-Ncá, by order of the President of the Republic of Equatorial Guinea, Teodoro Obiang, has been defending Equatorial Guinea’s interests for more than three years with regard to its positioning as the headquarters of a large international justice institution.
The country that manages to host this headquarters will become an important focus for attracting foreign investment.Carmelo Nvono-Ncá
Today we can finally report that Equatorial Guinea is among the five candidate countries to become the main headquarters of this new Ibero-American Court of Arbitration. In the words of Nvono-Ncá, “the candidacies of each country and what advantages each one can offer will be debated soon in Europe. It must be remembered that the country that manages to host this headquarters will become an important focus of attraction for foreign investment, since this Court will allow companies not to accept national jurisdictions. They will submit to an international, neutral and transparent jurisdiction ”.