La chaîne qatarie Al Jazeera a annoncé poursuivre l’Egypte en justice devant un tribunal d’arbitrage dépendant de la Banque mondiale, l’accusant d’avoir «confisqué» ses investissements et causé «une perte d’au moins 150 millions de dollars».
Pan-Arab TV Network Al-Jazeera is taking legal actions against Egypt over the closure of the Qatar-owned broadcast network and the harassments of its journalists has led to $150 million worth of losses.
The Qatar-based satellite network Al Jazeera served Egypt with a $150 million compensation claim on Monday for what it said was damage to its business inflicted by Cairo’s military rulers, a step likely to worsen Qatari-Egyptian relations.
The Protection of Investment Act affords foreign investors no protections beyond domestic law, and pointedly disavows investor-state international arbitration. The SADC Protocol was also amended by the SADC Summit of heads of state and government.