Fishcor opts out of arbitration
Fishcor opts out of arbitration AFRICA Selection Fishing Namibia (ASFN) and the Nationa Fishing Corporation of Namibia (Fishcor) is heading for the High Court after the state-owned enterprise opted out of an arbitration process. After initially agreeing to go into the process to work out modalities on how the contractual agreement between the partners in the joint venture with Seaflower Pelagic Processing (SPP) would be honoured, Fishcor gave notice that it will instead approach the High Court of Namibia with an application to halt the arbitration process. According to the contractua...