Sao Tome and Principe - Dispute Settlement STP - Dispute Settlement
Legal System, Specialized Courts, Judicial Independence, Judgments of Foreign Courts
Disputes are generally solved amicably without litigation, and there are few known instances of disagreements involving foreign investors reaching international courts. Overall, the legal system is perceived to act independently. Judgments from foreign courts are recognized by STP courts.
Bankruptcy
STP has a bankruptcy law but it is not well developed. In the World Bank's Doing Business Report, STP ranks 158 out of 189 economies on the ease of resolving insolvency.
Investment Disputes
There are no recent instances of investment disputes involving a U.S. person.
International Arbitration
STP does not have a Bilateral Investment Treaty with the United States. The STP legal system recognizes international arbitration as described below.
ICSID Convention and New York Convention
STP is a member state to the International Centre for the Settlement of Investment Disputes (ICSID Convention) and the convention on the Recognition and Enforcement of Foreign Arbitral Awards (1958 New York Convention).
Duration of Dispute Resolution – Local Courts
There are no recent instances of investment disputes involving a U.S. person.
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