Australian company planned was to mine tantulum, but seventeen years later, the company is suing the Egyptian government for potentially hundreds of millions of dollars after the military regime blocked plans.
The Spanish Union Fenosa Gas (UFG) denies media reports that any settlement has been reached with Egypt in regard to the $2 billion dispute about the gas supply to the Damietta Liquefied Natural Gas plant.
En mai, le Cirdi a débouté Veolia mais le groupe français assure vouloir poursuivre son action au Caire afin que sa filiale puisse être dûment indemnisée.
A reasonable ICSID Tribunal would have followed the paths of previous arbitral decisions in determining the liability of a host state under the Full Protection and Security obligation, the Ampal Tribunal did not.
Le groupe espagnol d’énergie Naturgy (ex-Gas Natural Fenosa) a annoncé avoir gagné son arbitrage devant la Banque mondiale contre l’Egypte, condamnée pour avoir coupé l’approvisionnement en gaz de son usine de liquéfaction de Damiette.
Veolia has finally lost its claim against Egypt over a waste management contract dispute in which they claimed compensation for an increase in the minimum wage under a new labour law.