Region: Africa & Middle East

Egypt fails to overturn Finnish investor’s award

A Finnish businessman has seen his US$121 million investment treaty award against Egypt upheld in the Dutch courts, at the same time failing to revive an attachment over a state-owned property in The Hague.

23 November 2021

Bahrain held liable for political expropriation

Bahrain has been ordered to pay over €200 million damages plus costs to two Iranian state-owned banks for the unlawful expropriation of their banking venture in Manama in an act of "political retribution" in the wake of the 2015 Iran nuclear deal – but the state says a set-off means the financial value of the award could be eroded to nothing.

22 November 2021

Baker Hughes sees award upheld in Nigerian LNG plant dispute

A Luxembourg company has failed to revive a US$763 million ICDR claim against US oilfield services group Baker Hughes over a liquefied natural gas project in Nigeria.

19 November 2021

Norilsk Nickel settles with Botswana over botched asset sale

The world’s largest nickel producer says it is has settled a dispute with the Botswanan government over the aborted sale of its African assets, which gave rise to an LCIA claim worth US$277 million.

18 November 2021

New board for new DIAC

UAE businessman Tariq Humaid Al Tayer is to chair the board of the new, overhauled Dubai International Arbitration Centre formed following the abolition of the LCIA's Dubai joint venture.

17 November 2021

Onslaught of claims against Congo continues

A UK mining company has launched an ICSID claim against the Republic of the Congo over the revocation of its iron ore permit – the latest in a wave of claims by miners against the state.

16 November 2021

Egypt reports win against Bahraini hotel investor

Egypt has defeated a treaty claim worth US$60 million by a Bahraini investor in a five-star hotel project in Cairo.

15 November 2021

Kobre & Kim opens in Dubai

Kobre & Kim has launched a new office in Dubai, recruiting disputes partner Paul Hughes, who left Addleshaw Goddard earlier this year.

12 November 2021

ECJ bars attachment of sanctioned assets

A Kuwaiti company’s efforts to collect on a billion-dollar award against Libya may have been dealt a blow after the European Court of Justice ruled that EU law precludes the attachment of assets that have been frozen as a result of international sanctions.

11 November 2021

Panel ready for rail claim against Kenya and Uganda

A tribunal is in place to hear an US$800 million railway-related claim against Kenya and Uganda after the states rejected a proposal to have the dispute heard by a five-member panel.

10 November 2021

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