The Cairo Regional Center for International Commercial Arbitration has granted USD 39 mn in compensation to Amer Group in a dispute with Antaradous for Touristic Development, according to an EGX disclosure (pdf). The claims were brought to commercial arbitration by the Syria-based company in 2014 following a dispute over its partnership with Amer to develop the Porto Tartous tourist resort. Despite this, it seems the court saw that the claimant is the party which failed to uphold its contractual obligations.

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