A company claims $1.215 billion from Morocco

The dispute between Emmerson PLC and the Moroccan state is entering an active phase. The legal advisors of the mining company have officially filed their memorial before the arbitral tribunal, in accordance with the established schedule. This document presents the full legal arguments and evidence supporting the claims of the British firm regarding its potash project.

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The amount of damages claimed is $1.215 billion, including interest and after deduction of local taxes. To justify this sum, the company relies on rigorous financial expertise and cash flow analyses. According to the information provided by the company, the project was at an advanced stage of development before Morocco failed to fulfill its obligations.

The dispute concerns alleged violations of the bilateral investment treaty between the United Kingdom and Morocco. The company denounces in particular an "expropriation of the project" and a breach of the obligation of fair and equitable treatment. The procedure had initially been launched in 2025 with the International Centre for Settlement of Investment Disputes (ICSID).

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Graham Clarke, CEO of Emmerson PLC, considers this filing as a "significant step in the arbitration process". The Kingdom now has several months to formulate its official response. While the outcome of this legal battle remains uncertain, the mining company has already announced that it will ensure regular monitoring of the progress of the case.