Region: Africa & Middle East

Algerian cement projects lead to parallel claims

Panels are in place to hear an Egyptian investment company’s US$900 million treaty claim against Algeria over two cement projects and a related ICC dispute with a state entity.

16 August 2021

Iran's Central Bank takes on Bahrain

With tensions between Iran and Bahrain running high in part owing to recent criminal verdicts and an ongoing treaty arbitration, the Central Bank of Iran has reported that it has begun a fresh claim of around US$1 billion against Bahrain over investments in the banking sector allegedly lost in the aftermath of the 2015 Iran nuclear deal.

09 August 2021

Bahrain announces criminal verdict as deliberations under way

Bahrain has announced the outcome of criminal proceedings regarding the activities of Iranian banks, as deliberations are under way in a sensitive investment treaty case over whether one of the banks was the victim of a politically-motivated expropriation.

09 August 2021

Insurer seeks to enforce against Ghana university

Insurance company Chubb has asked a US court to enforce a US$165 million ruling against the University of Ghana in a dispute arising from a failed campus expansion project – as the parties clash over whether the decision is an arbitration award.

09 August 2021

Mauritian Supreme Court upholds ICC award

The Supreme Court of Mauritius has issued an important judgment on the New York Convention, upholding the enforcement of an ICC award of more than US$1.5 billion won by ArcelorMittal despite arguments by Essar Steel that it was denied a fair opportunity to be heard.

03 August 2021

Egypt’s top court overturns port project award

Egypt’s Court of Cassation has set aside a US$490 million ICC award against an Egyptian state authority over its termination of a contract to build a container terminal facility, a decision it is said could have broad implications for disputes arising from similar agreements.

02 August 2021

Exxon brings claim against Iraqi state entity over oilfield sale

ExxonMobil has filed an ICC claim against an Iraqi state-owned oil company over a stalled attempt to sell a stake in a US$50 billion oilfield.

02 August 2021

Indian investor’s covid plea can’t save claim against Libya

An UNCITRAL tribunal has terminated an Indian construction company’s US$110 million treaty claim against Libya for a failure to pay required advances, despite a plea from the investor that coronavirus conditions in its home country warranted granting an extension.

02 August 2021

Eni consortium loses claim over LNG facility

An international consortium including Italy’s Eni has lost an arbitration against the operator of a liquefied natural gas facility in Mississippi over a long-term contract allegedly frustrated by the shale gas revolution in the United States.

30 July 2021

Dana Gas declares quick win in dispute over Egyptian sale

Emirati energy company Dana Gas says it has defeated an LCIA claim brought by a US energy group over the aborted sale of Egyptian assets, less than three months after it was filed.

29 July 2021

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