{"id":558976,"date":"2021-01-04T03:51:18","date_gmt":"2021-01-04T03:51:18","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/04\/zombie-arbitration-back-from-the-dead\/"},"modified":"2021-01-04T03:51:18","modified_gmt":"2021-01-04T03:51:18","slug":"zombie-arbitration-back-from-the-dead","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/04\/zombie-arbitration-back-from-the-dead\/","title":{"rendered":"Zombie arbitration back from the dead"},"content":{"rendered":"

<\/a> UK construction firm Malicorp is reportedly preparing to file a fresh international <\/strong>arbitration case against the Civil Aviation Ministry<\/strong> for terminating a contract for the Ras Sudr airport, Al Mal<\/a> reports, citing unnamed sources with knowledge of the matter. The company is said to be seeking USD 100 mn, along with an unspecified amount in overdue interest payments dating back to 2004, to compensate it for the losses it claims to have incurred after the ministry cancelled a contract to build, operate, and manage the airport. Malicorp has reportedly tapped a local law firm to file the arbitration case with the Cairo Regional Center for International Commercial Arbitration (CRCICA).<\/p>\n

Background:<\/strong> The Transport Ministry had issued the tender for the airport back in 2000 and had awarded Malicorp the contract under a build-operate-transfer framework. The Civil Aviation Ministry, which took over the project, scrapped it a year later because of security concerns; the project was awarded in 2019 some 7k feddans of state land<\/a> on which to build. Malicorp had previously taken the case to the International Center for Settlement of Investment Disputes<\/a>, seeking USD 500 mn<\/a> in damages.<\/p>\n

Malicorp has lost before: <\/strong>When the international tribunal dismissed the compensation claim and Malicorp tried but failed to reverse ICSID\u2019s decision, it took the case to CRCICA, which ordered Egypt to reimburse the UK company for expenses totalling USD 14.8 mn<\/a>. The Court of Cassation then refused to implement the ruling on the grounds that the case had separately been taken through the French court system.<\/p>\n

The revival of the case comes as the Public Enterprises Ministry <\/strong>said it has cleared<\/a><\/strong> its own backlog of international arbitration cases<\/strong> filed between 2018 and 2020, including settling<\/a> Emaar Misr\u2019s long-standing dispute with state-owned El Nasr Housing over Emaar\u2019s Uptown Cairo development, and the spat<\/a> between state-owned El Nasr for Steam Boilers\u2019 and Al Kholoud for Touristic and Real Estate.<\/p>\n","protected":false},"excerpt":{"rendered":"

UK construction firm Malicorp is reportedly preparing to file a fresh international arbitration case against the Civil Aviation Ministry for terminating a contract for the Ras Sudr airport, Al Mal reports, citing unnamed sources with knowledge of the matter. The company is said to be seeking USD 100 mn, along with an unspecified amount in […]<\/p>\n","protected":false},"author":1,"featured_media":558977,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8678],"tags":[3610,957,72,3609,208],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-558976","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dispute-watch","tag-civil-aviation-ministry","tag-dispute-watch","tag-enterpriseam","tag-ras-sudr-airport","tag-transport-ministry","wpautop","entry"],"acf":{"mongo_id":"91ee1daa-392c-49b3-be98-1619202beafb","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/1\/39.jpg","photo_position":"above","related_issue":[558966],"teaser":"","voice_url":""},"yoast_head":"\nZombie arbitration back from the dead - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/01\/04\/zombie-arbitration-back-from-the-dead\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Zombie arbitration back from the dead\" \/>\n<meta property=\"og:description\" content=\"UK construction firm Malicorp is reportedly preparing to file a fresh international arbitration case against the Civil Aviation Ministry for terminating a contract for the Ras Sudr airport, Al Mal reports, citing unnamed sources with knowledge of the matter. The company is said to be seeking USD 100 mn, along with an unspecified amount in […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/01\/04\/zombie-arbitration-back-from-the-dead\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-04T03:51:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2021\/1\/39.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/01\/04\/zombie-arbitration-back-from-the-dead\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/01\/04\/zombie-arbitration-back-from-the-dead\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Zombie arbitration back from the dead\",\"datePublished\":\"2021-01-04T03:51:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/01\/04\/zombie-arbitration-back-from-the-dead\/\"},\"wordCount\":316,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/01\/04\/zombie-arbitration-back-from-the-dead\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/1\/39.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Civil Aviation Ministry\",\"dispute watch\",\"EnterpriseAM\",\"Ras Sudr airport\",\"Transport Ministry\"],\"articleSection\":[\"DISPUTE WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/01\/04\/zombie-arbitration-back-from-the-dead\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/01\/04\/zombie-arbitration-back-from-the-dead\/\",\"name\":\"Zombie arbitration back from the dead - 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The ministry and the authority will be meeting to determine why the\u2026","rel":"","context":"In "Infrastructure"","block_context":{"text":"Infrastructure","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/infrastructure\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":601042,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/18\/petroceltic-to-seek-international-arbitration-against-egpc\/","url_meta":{"origin":558976,"position":3},"title":"Petroceltic to seek international arbitration against EGPC","author":"enterpriseam admin","date":"18 February 2019","format":false,"excerpt":"Petroceltic to seek international arbitration against EGPC: UK energy company Petroceltic is filing for international arbitration to recover back-due payments it claims it is owed by the state-owned Egyptian General Petroleum Corporation (EGPC), Petroceltic said in a statement on its website. \u201cWe do not threaten international arbitration lightly, but equally\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":623244,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/23\/airport-holding-company-to-announce-winning-bid-in-ras-sudr-airport-or-relaunching-tender-at-months-end\/","url_meta":{"origin":558976,"position":4},"title":"Airport Holding Company to announce winning bid in Ras Sudr airport or relaunching tender at month\u2019s end","author":"enterpriseam admin","date":"23 October 2018","format":false,"excerpt":"The Airport Holding Company could announce the winning bid for the Ras Sudr airport project by month\u2019s end, or may relaunch the tender for the project, Tourism Development Authority (TDA) boss Serag El Din Saad said, according to Al Shorouk. The company is currently vetting between two offers for the\u2026","rel":"","context":"In "Tourism"","block_context":{"text":"Tourism","link":"https:\/\/enterpriseam.com\/egypt\/category\/data\/tourism\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":635646,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/10\/govt-to-re-issue-tender-for-ras-sudr-airport-soon\/","url_meta":{"origin":558976,"position":5},"title":"Gov\u2019t to re-issue tender for Ras Sudr airport \u201csoon\u201d","author":"enterpriseam admin","date":"10 December 2017","format":false,"excerpt":"The government has decided to re-issue a tender \u201csoon\u201d to develop an airport and tourism resort in Ras Sudr, Civil Aviation Minister Sherif Fathy tells Al Mal. The initial tender reportedly failed because the government had demanded a USD 10k fee from investors looking to purchase the booklet of conditions\u2026","rel":"","context":"In "Infrastructure"","block_context":{"text":"Infrastructure","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/infrastructure\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/558976","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=558976"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/558976\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/558966"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/558977"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=558976"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=558976"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=558976"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=558976"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=558976"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}