Region: Africa & Middle East
Swedish investor drops ICSID claim over UAE residency permit
A Swedish-Iranian national who brought a funded ICSID claim against the United Arab Emirates over its refusal to renew his residency permit has dropped his case after the state contested the authenticity of some of his evidence.
01 December 2022
Tanzanian plane remains grounded despite ICSID stay
A Swedish investor that won a US$165 million award against Tanzania has persuaded a Dutch court to uphold the attachment of an aircraft owned by the east African state, even though ICSID has stayed enforcement pending annulment proceedings.
29 November 2022
Egypt settles "New Cairo" claim
Egypt has settled an ICSID claim brought by a Dubai-owned pipe manufacturer over its right to bid for tenders related to a sewerage network for “New Cairo” – a US$30 billion project to relieve overcrowding in one of Africa’s largest cities.
29 November 2022
Reed Smith hires from Curtis in Dubai
Reed Smith has hired Antonia Birt, who helped a UAE-based consortium to secure a US$1 billion settlement from Iraq, as a partner in Dubai from Curtis Mallet-Prevost Colt & Mosle.
29 November 2022
Shell sees off award challenge in Nigerian loan dispute
A London court has upheld a pair of awards against a Nigerian oil and gas producer in an ICC dispute over loans worth US$2 billion, ruling that a Shell subsidiary had not waived its unilateral option to bring an arbitration.
23 November 2022
Water wars loom, hears COP fringe event
The African Society of International Law hosted a landmark event in Cairo ahead of the current COP27 climate change summit in Sharm El-Sheikh, Egypt, with warnings of "water wars" among other disasters if action is not taken.
18 November 2022
Dos Santos loses final appeal over telecoms award
A company owned by Angolan billionaire Isabel dos Santos has lost a final appeal in the French courts relating to a US$646 million award, failing on arguments that the ICC was wrong to appoint all five members of the tribunal itself or that an arbitrator failed to disclose potential conflicts.
15 November 2022
Convicted businesswoman seeks to revive Kuwait claim
A Russian businesswoman who took refuge in an embassy after being convicted of money laundering in Kuwait has applied to revive her US$150 million investment treaty claim against the Gulf state.
14 November 2022
Lesotho court voids arbitration clause in public contract
A German company that won a €50 million award against Lesotho over a stalled solar project has vowed to resume enforcement efforts despite a ruling by the kingdom’s courts declaring the underlying contract and its arbitration clause invalid.
14 November 2022
Saudi centre launches in Dubai
The Saudi Center for Commercial Arbitration has launched "SCCA Dubai", its first office outside Saudi Arabia.
13 November 2022