Middle East

States from the Middle East have concluded about 600 investment deals. 44 ISDS cases have been brought against Middle Eastern countries, while investors from the region have initiated 44 cases as well.

In 2013, Al-Kharafi & Sons Co., investors from Kuwait, were awarded US$935 million under the Unified Agreement for the Investment of Arab Capital in the Arab States, in a dispute over a land-leasing contract for a tourism project in Libya, making it one of the largest known awards to date. They had only invested about US$5 million but the arbitration tribunal decided that Libya also had to compensate for profits that would have been made during the 90-year leasing contract and were now lost.

(April 2020)

Mondaq | 26-Oct-2020
Most recently, Jersey has joined Hong Kong as another non-sovereign entity that negotiates its own BITs. Jersey is set to sign its first BIT with the UAE later this year.
BFM | 15-Oct-2020
L’opérateur télécoms français Orange a lancé une procédure judiciaire contre l’Etat irakien pour "expropriation" en mars 2019 de son investissement dans l’opérateur Korek Telecom, estimé à plus de 400 millions de dollars.
Telecompaper | 15-Oct-2020
Orange Group has instituted legal proceedings against Iraq in an attempt to claw back more than USD 400 million in investments it alleges were expropriated by the country’s regulator.
CIAR Global | 9-Oct-2020
El pasado 7 de octubre de 2020, un tribunal de arbitraje de la Corte Permanente de Arbitraje resolvió que Guatemala no incumplió el tratado invocado en el procedimiento que mantiene, desde 2018, con la israelí IC Power por una cuestión tributaria.
Africa Intelligence | 1-Oct-2020
Le groupe koweïtien Al Kharafi veut faire confirmer ses saisies des actifs français du fonds souverain libyen LIA. Mais la sentence arbitrale dont il se prévaut a été annulée par la justice égyptienne.
Le Télégramme | 6-Aug-2020
L’homme d’affaires franco-libanais vient de remporter un nouveau jugement contre Athènes, qui lui contestait la propriété d’Hellenic Shipyards.
Kluwer Arbitration Blog | 20-Jan-2020
Despite debates about crisis in investment treaty arbitration, most emerging market economies are concluding BITs that provide for ISDS and emerging market multinational companies appear to welcome ISDS.
MENAFN | 7-Nov-2019
ICSID dismisses lawsuit filed by Egyptian company.
The National | 15-Jul-2019
Logistics and warehousing company is seeking to settle by arbitration a $380m dispute.
Yahoo | 15-Jul-2019
Agility soutient que le gouvernement irakien a refusé à Agility et à ses filiales la possibilité de contester la décision incorrecte de la Commission des médias et des communications d’annuler son investissement dans Korek Telecom.

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