About the Panel
The Investment Appeal Panel was set up in 2012 under the Seychelles Investment Act, 2010 to provide an appeal mechanism for aggrieved investors who wish to make an appeal against decisions taken by public sector agencies regarding their investments or proposed investments.
According to the Act, an investor is entitled to apply to the Panel for:
- A review of a decision made by a public sector agency with regard to that investor’s investment or proposed investment where the investor is not satisfied with the decision of the public sector agency
- An order where the public sector agency does not issue a decision within the required time limit.
As per the Act, an application for review must be made in writing and the applicant must specify his or her reasons for making the appeal.
Following the receipt of an appeal, the Panel may either dismiss the application or may, if it determines that there is merit in it, order one or more of the following remedies:
- Recommend the annulment in whole or in part of any unauthorized act or decision, or remedying of any omission of the public sector agency;
- Recommend a re-evaluation of an application
In addition, if the applicant is aggrieved by the decision of the Panel, then he or she may appeal against that decision to the Supreme Court.