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)

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.
Gulf Times | 17-Jun-2019
Qatar International Court and Dispute Resolution Center (QICDRC) on Sunday entered into a pact with a World Bank body as part of plans to enhance its profile in the global judicial system and establish itself as a hub for dispute resolution.
Lexology | 21-May-2019
Updates from Burkina Faso, Egypt, Kenya, Kuwait, Saudi Arabia, Tanzania.
Reuters | 19-Apr-2019
Oman’s sovereign wealth fund has withdrawn an 80 million euro claim against Bulgaria over the collapse of Corporate Commercial Bank (Corpbank), the Bulgarian finance ministry said.
Business Korea | 20-Feb-2019
Iran’s Dayyani group started a procedure to seize the South Korean government’s assets in the Netherlands after winning its investor-state dispute against it. This is the first time that such a procedure has been initiated against the South Korean government.

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