Region: Egypt
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
Egypt faces another cement claim
Egypt is facing a new ICSID claim by a German company over alleged interference in a cement business, while a PCA claim brought against it by Qatar has been discontinued.
21 October 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
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