An arbitration panel recently ruled against the Public Investment Corporation (PIC) in a dispute involving a Lanseria Airport investor, resulting in a payout exceeding R432-million. The proceedings centered on allegations of double-counted income streams regarding the airport’s financial valuation.
In its final determination, the panel relied on information sourced from Wikipedia to support its technical interpretation of how these income streams should be treated. The use of the online encyclopedia as a primary reference in a high-value arbitration case has drawn scrutiny, particularly given the evidence presented regarding the calculation of the airport's revenue.
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