{"id":572541,"date":"2020-06-29T04:36:27","date_gmt":"2020-06-29T04:36:27","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/29\/egypt-court-rules-in-favor-amer-group-porto-group-in-antaradous-dispute\/"},"modified":"2020-06-29T04:36:27","modified_gmt":"2020-06-29T04:36:27","slug":"egypt-court-rules-in-favor-amer-group-porto-group-in-antaradous-dispute","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/29\/egypt-court-rules-in-favor-amer-group-porto-group-in-antaradous-dispute\/","title":{"rendered":"Egypt court rules in favor Amer Group, Porto Group in Antaradous dispute"},"content":{"rendered":"<p><strong>DISPUTE WATCH- Court rules in favor Amer Group, Porto Group in Antaradous dispute: <\/strong>The North Cairo Court has turned down claim for compensation lodged by Syria\u2019s Antaradous for Touristic Development against Mansour Amer and his two holding companies, Amer Group and Porto Group, <a href=\"https:\/\/www.egx.com.eg\/downloads\/Bulletins\/247330_1.pdf\">the defendants said (pdf)<\/a>. Arbitrators had originally ruled in Amer\u2019s favor, but the Syria based company decided to <a href=\"https:\/\/enterprise.press\/stories\/2019\/02\/20\/syrias-antaradous-brings-dispute-with-egypts-amer-group-to-litigation\/\">pursue the case in court<\/a>.. The dispute dates back to 2008 when the parties entered into a partnership to develop a Porto-style project in the coastal city of Tartous.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>DISPUTE WATCH- Court rules in favor Amer Group, Porto Group in Antaradous dispute: The North Cairo Court has turned down claim for compensation lodged by Syria\u2019s Antaradous for Touristic Development against Mansour Amer and his two holding companies, Amer Group and Porto Group, the defendants said (pdf). Arbitrators had originally ruled in Amer\u2019s favor, but [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[8572],"tags":[5401,957,72,963,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-572541","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-antaradous-for-touristic-development","tag-dispute-watch","tag-enterpriseam","tag-law","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"15ed9c89-0c3c-4ae1-b5f4-4f4facd6c5cf","is_powered_by":true,"section_story_id":"88b520b7-0692-46f0-8d18-5843c8a92691","story_type":"1","photo_url":"","photo_position":"above","related_issue":[572528],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Egypt court rules in favor Amer Group, Porto Group in Antaradous dispute - 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\/2020\/06\/29\/egypt-court-rules-in-favor-amer-group-porto-group-in-antaradous-dispute\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt court rules in favor Amer Group, Porto Group in Antaradous dispute\" \/>\n<meta property=\"og:description\" content=\"DISPUTE WATCH- Court rules in favor Amer Group, Porto Group in Antaradous dispute: The North Cairo Court has turned down claim for compensation lodged by Syria\u2019s Antaradous for Touristic Development against Mansour Amer and his two holding companies, Amer Group and Porto Group, the defendants said (pdf). Arbitrators had originally ruled in Amer\u2019s favor, but [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/29\/egypt-court-rules-in-favor-amer-group-porto-group-in-antaradous-dispute\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2020-06-29T04:36:27+00:00\" \/>\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<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/29\/egypt-court-rules-in-favor-amer-group-porto-group-in-antaradous-dispute\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/29\/egypt-court-rules-in-favor-amer-group-porto-group-in-antaradous-dispute\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt court rules in favor Amer Group, Porto Group in Antaradous dispute\",\"datePublished\":\"2020-06-29T04:36:27+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/29\/egypt-court-rules-in-favor-amer-group-porto-group-in-antaradous-dispute\/\"},\"wordCount\":103,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Antaradous for Touristic Development\",\"dispute watch\",\"EnterpriseAM\",\"law\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/29\/egypt-court-rules-in-favor-amer-group-porto-group-in-antaradous-dispute\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/29\/egypt-court-rules-in-favor-amer-group-porto-group-in-antaradous-dispute\/\",\"name\":\"Egypt court rules in favor Amer Group, Porto Group in Antaradous dispute - 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The dispute dates back to 2008 when the parties entered into a partnership to develop a Porto-style project in the coastal city of Tartous. Amid project delays, the\u2026","rel":"","context":"In &quot;Law&quot;","block_context":{"text":"Law","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/law\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":601319,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/25\/egyptian-arbitration-court-grants-amer-group-usd-39-mn-in-compensation\/","url_meta":{"origin":572541,"position":1},"title":"Egyptian arbitration court grants Amer Group USD 39 mn in compensation","author":"enterpriseam admin","date":"25 February 2019","format":false,"excerpt":"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\u2026","rel":"","context":"In &quot;Law&quot;","block_context":{"text":"Law","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/law\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":596539,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/01\/amer-group-porto-group-begin-procedures-to-receive-usd-39-9-mn-compensation-from-antaradous\/","url_meta":{"origin":572541,"position":2},"title":"Amer Group, Porto Group begin procedures to receive USD 39.9 mn compensation from Antaradous","author":"enterpriseam admin","date":"1 July 2019","format":false,"excerpt":"DISPUTE WATCH- Amer Group, Porto Group begin procedures to receive USD 39.9 mn compensation: Amer Group and Porto Group have hired Zulficar & Partners law firm to begin procedures to collect the USD 39.9 mn compensation from Antaradous for Touristic Development in Syria granted to them in an arbitration ruling\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":574529,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/13\/porto-amer-group-determine-their-shares-of-usd-51-68-mn-compensation-payment-from-syrias-antaradous\/","url_meta":{"origin":572541,"position":3},"title":"Porto, Amer Group determine their shares of USD 51.68 mn compensation payment from Syria\u2019s Antaradous","author":"enterpriseam admin","date":"13 September 2020","format":false,"excerpt":"Syrian tourism company Antaradous will pay out USD 36.6 mn in compensation to Porto Group and USD 15.1 mn to Amer Group as a final settlement for the six-year dispute between the firms, Amer financial advisors FACT Financial has calculated in a report (pdf). The two companies \u2014 which were\u2026","rel":"","context":"In &quot;Other Business News of Note&quot;","block_context":{"text":"Other Business News of Note","link":"https:\/\/enterpriseam.com\/egypt\/category\/other-business-news-of-note\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":575524,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/18\/amer-subsidiary-borrows-egp-450-mn-from-ahli-united-bank-for-porto-heliopolis-project\/","url_meta":{"origin":572541,"position":4},"title":"Amer subsidiary borrows EGP 450 mn from Ahli United Bank for Porto Heliopolis project","author":"enterpriseam admin","date":"18 October 2020","format":false,"excerpt":"Amer Group subsidiary Delmar For Touristic Development signed a loan contract with Ahli United Bank for EGP 450 mn on Wednesday to finance the Porto Heliopolis project, the company said in an EGX filing (pdf). The project is the first integrated residential compound in the Heliopolis area, and is situated\u2026","rel":"","context":"In &quot;Banking + Finance&quot;","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":570577,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/04\/06\/570577\/","url_meta":{"origin":572541,"position":5},"title":"12 April (Sunday): House of\u2026","author":"enterpriseam admin","date":"6 April 2020","format":false,"excerpt":"12 April (Sunday): House of Representatives covid-19 recess ends. 12 April (Sunday): Western Easter Sunday. 12 April (Sunday): Court session for a lawsuit against Amer Group and Porto Group by Syria-based Antaradous for Touristic Development. 13 April (Monday): Earliest date on which suspension K-12 and university instruction is set to\u2026","rel":"","context":"In &quot;CALENDAR&quot;","block_context":{"text":"CALENDAR","link":"https:\/\/enterpriseam.com\/egypt\/category\/calendar\/"},"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\/572541","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=572541"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/572541\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/572528"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=572541"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=572541"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=572541"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=572541"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=572541"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}