News

Sports

Business

Entertainment

GhanaWeb TV

Africa

Opinions

Country

Ghana to pay law firm $2,275 an hour

Tue, 10 Feb 2004 Source: Network Herald

Ghana has agreed to pay law firm Debevoise and Plimpton, the government’s Strategic Advisor in the arbitration with Telekom Malaysia Berhad, thousand two hundred and twenty-five pounds (?1,225/$2,275) an hour on the dispute at the International Court of Justice.

Out of the amount, Queen’s Counsel and the government’s lead advocate Arthur Marriot would be entitled to an hourly rate of ?500. His associates, Deborah Ruff would take ?300, whilst Steve Friel and Jed Coleman take ?250 and ?175 respectively, all for one hour.

Marriot who claims they needed to expand the resources to meet the Consent Order timetable notified the Attorney General of his apprehensions in his most recent letter when he confirmed;

    “as I am having to expand the resources to meet the Consent Order timetable, I have brought in my colleagues Ostrove and Ms. Klein to handle the BIT and valuation aspects of the case. Their hourly rates are 370 and 300 pounds respectively.
    I will also need to bring in some help with the documentation and one of the paralegals will do that at an hourly rate of 90 pounds.”
The agreement stipulates that bills will be rendered monthly and should be paid within 30 days of receipt.

Documents available to the "Network Herald" newspaper as at press time suggested that the government was yet to receive the invoice for December last year. The government of Ghana has also agreed to provide one hundred thousand pounds (?100,000=$185,760) as deposit or retainer fee to the firm.

The Government of Ghana has been locked in a legal drama with G-Com (a partnership between Telekom Malaysia ™ and a group of Ghanaian investors), over the abrogation of a 1997 agreement that sought to modernise and improve the country’s crumbling telephone network.

Ghana has agreed to pay law firm Debevoise and Plimpton, the government’s Strategic Advisor in the arbitration with Telekom Malaysia Berhad, thousand two hundred and twenty-five pounds (?1,225/$2,275) an hour on the dispute at the International Court of Justice.

Out of the amount, Queen’s Counsel and the government’s lead advocate Arthur Marriot would be entitled to an hourly rate of ?500. His associates, Deborah Ruff would take ?300, whilst Steve Friel and Jed Coleman take ?250 and ?175 respectively, all for one hour.

Marriot who claims they needed to expand the resources to meet the Consent Order timetable notified the Attorney General of his apprehensions in his most recent letter when he confirmed;

    “as I am having to expand the resources to meet the Consent Order timetable, I have brought in my colleagues Ostrove and Ms. Klein to handle the BIT and valuation aspects of the case. Their hourly rates are 370 and 300 pounds respectively.
    I will also need to bring in some help with the documentation and one of the paralegals will do that at an hourly rate of 90 pounds.”
The agreement stipulates that bills will be rendered monthly and should be paid within 30 days of receipt.

Documents available to the "Network Herald" newspaper as at press time suggested that the government was yet to receive the invoice for December last year. The government of Ghana has also agreed to provide one hundred thousand pounds (?100,000=$185,760) as deposit or retainer fee to the firm.

The Government of Ghana has been locked in a legal drama with G-Com (a partnership between Telekom Malaysia ™ and a group of Ghanaian investors), over the abrogation of a 1997 agreement that sought to modernise and improve the country’s crumbling telephone network.

Source: Network Herald
Related Articles: