Olembé Stadium: The State of Cameroon Ordered to Pay Nearly 250 Billion FCFA to Gruppo Piccini

The Cameroonian government has been ordered to pay nearly 250 billion FCFA to Gruppo Piccini following the abusive termination of their contract for the construction of the Olembé sports complex in November 2019. This decision, made by the International Centre for Settlement of Investment Disputes (ICSID), concludes a significant dispute related to sports infrastructure. The ruling raises questions about the overall cost of the project and the financial implications of disputes in public contracts.