Orascom Construction Industries (OCI) has kicked up a notch its ongoing legal battle with Golden Pyramids Plaza, suing the company and the Arab African International Bank (AAIB) in an Economic Court. AAIB appears to have been roped into the wrangling since it apparently acted as financial guarantor for Golden Pyramids. OCI and Consolidated Contractors International c. EGP 305 mn in damages awarded by 2015 arbitration ruling. According to the bourse filing issued by Golden Pyramids (pdf), the latest court battle will take place in bankruptcy court, which will hold its first hearing on the matter today.

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