Region: Africa & Middle East
ICC announces new Asia and Middle East leadership
The International Chamber of Commerce has hired three new regional directors for business development of arbitration and ADR in Asia and the Middle East.
21 September 2021
Dubai issues shock decree
Amended. In a shock move, Dubai has abolished the LCIA's link-up with the Dubai International Financial Centre and transferred its property, staff and cases to the Dubai International Arbitration Centre.
20 September 2021
Edison declares win in LNG price review
Italian energy company Edison says it has defeated a price review claim worth several hundred million euros relating to a long-term contract for the purchase of liquefied natural gas from Qatar.
20 September 2021
South African oil company gets default judgment against Congo
A South African oil company has obtained a default judgment from a US court enforcing a US$619 million ICC award against the Democratic Republic of the Congo over contracts for four petroleum blocks.
16 September 2021
New law casts doubt on enforcement against Egypt
Practitioners in Egypt have expressed concern at a new law granting the Supreme Constitutional Court the power to invalidate decisions rendered against the state by international institutions, despite a last-minute change to the bill to remove express mention of arbitration.
16 September 2021
Iraqi ministry liable over power plant repairs
A Canadian company has applied to a US court to enforce an award against Iraq’s ministry of electricity over power plant repairs – a dispute that saw the original sole arbitrator resign for “personal reasons” after the ICC Court twice refused to approve his draft award.
15 September 2021
Nigeria fights to reverse Chinese investor’s treaty win
Nigeria has asked a UK court to overturn the first known investment treaty award won by a mainland Chinese investor against an African state, in a dispute over a soured joint venture to develop a free trade zone near Lagos.
13 September 2021
Rwanda threatened over seizure of gold refinery
A Belgian business magnate has threatened Rwanda with a US$50 million ICSID claim, alleging his refinery was subject to a “hostile take-over” and the seizure of gold bars by state authorities.
09 September 2021
Egyptian investors threaten Ethiopia over civil war disruption
Two Egyptian manufacturers have threatened to file a treaty claim against Ethiopia after allegedly sustaining up to US$40 million in losses due to disruption caused by an ongoing civil war in the country.
09 September 2021
Saudi Arabia secures first ICSID win
Saudi Arabia has secured its first ever ICSID win after defeating a US$570 million claim brought by a French fashion and restaurant chain on jurisdiction.
08 September 2021