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