Region: Egypt

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

Australian investors settle mining claim against Egypt

Australian investors have settled a third-party funded ICSID claim against Egypt over the alleged expropriation of their stake in a mining project.

31 August 2021

Finnish investor launches second claim against Egypt

A Finnish businessman has made good on his threat to file a US$500 million investment treaty claim against Egypt over alleged expropriatory behaviour committed by the state after it lost a prior treaty arbitration.

17 August 2021

Mega-award against Chevron blocked again in US

The heirs of a Saudi official have once again failed to enforce an US$18 billion award against Chevron in the United States, as their counsel face the prospect of court sanctions for allegedly relying on a “fabricated” news article.

17 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

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

Cairo centre looks back on pandemic year

The Cairo Regional Centre for International Commercial Arbitration has revealed that it received 67 new cases in 2020 – with construction disputes accounting for 31% of the total – and that in the first half of this year it has already registered 56.

13 July 2021

Kuwaiti investor revives billion dollar award against Libya

A Kuwaiti construction company has persuaded Egypt’s Court of Cassation to reinstate a controversial US$1 billion award against Libya relating to a tourism resort that was never built.

29 June 2021

Egyptian cement dispute heads to ICSID

A French family-owned cement company has filed an ICSID claim against Egypt, accusing the state of trying to force it to surrender its majority stake in a Cairo-listed subsidiary.

23 June 2021

Finnish investor threatens second claim against Egypt

A Finnish businessman who won an award against Egypt over his iron and steel business has threatened to bring a second investment treaty claim against the state over its subsequent conduct – after successfully attaching assets in Spain.

11 May 2021

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