Region: Egypt

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

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

Canada BIT award upheld at ICSID

A subsidiary of Russian-owned telecoms group Veon has failed to revive a US$1.8 billion investment treaty claim against Canada – while the state has also failed to partially annul the award.

03 October 2022

Funder sues treaty claimant after settlement with Egypt

A disputes funder that provided initial financing for an investment treaty claim against Egypt before going bankrupt is now suing the successful claimant for a share of the settlement proceeds.

20 May 2022

Egypt settles French cement claim at ICSID

Egypt says it has settled an ICSID claim worth over US$100 million brought by a French family-owned cement company.

23 March 2022

Egyptian authority to settle fight over port project

An Egyptian port authority has agreed to pay US$260 million to settle a long-running dispute over a cancelled project to build a container terminal facility that spawned three ICC cases and an ICSID claim.

18 February 2022

Paris court upholds award against non-signatory

A Paris court has upheld a US$74 million ICC award against two affiliates of Kuwaiti transport and logistics group KGL despite arguments that one of them was not a signatory to the contract.

28 January 2022

Egypt settles with Finnish iron investor

Egypt has reached an agreement with a Finnish businessman to settle a treaty award worth US$121 million over the loss of his iron and steel investments – ending a dispute that led to enforcement actions across three continents and a second treaty claim over the state’s refusal to pay.

09 December 2021

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

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

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