{"id":601595,"date":"2019-03-05T04:27:50","date_gmt":"2019-03-05T04:27:50","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/05\/emaar-el-nasr-negotiations-signal-potential-resolution-case-still-with-court\/"},"modified":"2019-03-05T04:27:50","modified_gmt":"2019-03-05T04:27:50","slug":"emaar-el-nasr-negotiations-signal-potential-resolution-case-still-with-court","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/05\/emaar-el-nasr-negotiations-signal-potential-resolution-case-still-with-court\/","title":{"rendered":"Emaar, El Nasr negotiations signal potential resolution, case still with court"},"content":{"rendered":"

BEEF WATCH- Case against Emaar still under court review but negotiations are positive: <\/b>An arbitration case againstEmaar Misrfiled by El Nasr Housingis still being reviewed by the Cairo Regional Centre for International Commercial Arbitration, the UAE-based company said in a statement (pdf)<\/a>. Negotiations between the two companies over their two-year-old dispute are positive and signal a potential resolution, Emaar said. Public Enterprises Minister Hisham Tawfik was quoted by the domestic press<\/a> earlier this week as saying that the two companies will sign next week the final contracts to resolve their dispute over a land plot and delays in Emaar\u2019s Uptown Cairo project. The two companies had reached an agreement whereby the former would pay EGP 100 mn to settle. The agreement also involves Emaar completing the project, and either returning 5% of the project land or buying it at market value.<\/p>\n

Background:<\/b> State-owned El Nasr brought the arbitration case against Emaar in June 2017 alleging that the UAE-based company failed to develop 3 mn sqm of land allotted to it in 2005. El Nasr also claimed there are 215k sqm unlawfully within Uptown\u2019s borders. Emaar\u2019s offer of EGP 100 mn in settlement was then met with acceptance since El Nasr\u2019s arbitration case was said to be \u201cbaseless.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

BEEF WATCH- Case against Emaar still under court review but negotiations are positive: An arbitration case againstEmaar Misrfiled by El Nasr Housingis still being reviewed by the Cairo Regional Centre for International Commercial Arbitration, the UAE-based company said in a statement (pdf). Negotiations between the two companies over their two-year-old dispute are positive and signal […]<\/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":[957,9091,1527,72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-601595","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-dispute-watch","tag-el-nasr-housing-and-development","tag-emaar-misr","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"2fb839cd-ba8b-403d-bb48-786bd00678a0","is_powered_by":true,"section_story_id":"92b6d1aa-cfe5-4dc4-8363-28efc8f8eb5b","story_type":"1","photo_url":"","photo_position":"above","related_issue":[601581],"teaser":"","voice_url":""},"yoast_head":"\nEmaar, El Nasr negotiations signal potential resolution, case still with court - 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\/2019\/03\/05\/emaar-el-nasr-negotiations-signal-potential-resolution-case-still-with-court\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Emaar, El Nasr negotiations signal potential resolution, case still with court\" \/>\n<meta property=\"og:description\" content=\"BEEF WATCH- Case against Emaar still under court review but negotiations are positive: An arbitration case againstEmaar Misrfiled by El Nasr Housingis still being reviewed by the Cairo Regional Centre for International Commercial Arbitration, the UAE-based company said in a statement (pdf). 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Badawy said state-owned El Nasr would have lost the international arbitration case it filed against Emaar last\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":624481,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/10\/ruling-on-el-nasr-vs-emaar-dispute-coming-soon\/","url_meta":{"origin":601595,"position":2},"title":"Ruling on El Nasr vs. Emaar dispute coming soon?","author":"enterpriseam admin","date":"10 September 2018","format":false,"excerpt":"Ruling on El Nasr vs. Emaar dispute coming soon? The Cairo Regional Center for International Commercial Arbitration is expected to issue a ruling on state-owned El Nasr Housing and Reconstruction\u2019s dispute with Emaar Misr over land for the latter\u2019s Uptown Cairo project \u201csoon,\u201d sources with knowledge of the matter tell\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":600041,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/17\/emaar-vs-el-nasr-dispute-resolved-minister-says\/","url_meta":{"origin":601595,"position":3},"title":"Emaar vs. El Nasr dispute resolved, minister says","author":"enterpriseam admin","date":"17 January 2019","format":false,"excerpt":"Emaar vs. El Nasr dispute resolved, minister says: A settlement has been reached between Emaar Misr and state-owned El Nasr Housing & Reconstruction over a disputed land plot and delays in execution pertaining Emaar\u2019s Uptown Cairo project, Public Enterprise Minister Hisham Tawfik tells Masrawy. The companies are now in talks\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":601541,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/04\/emaar-vs-el-nasr-set-to-wrap-up-for-good\/","url_meta":{"origin":601595,"position":4},"title":"Emaar vs. El Nasr set to wrap up for good","author":"enterpriseam admin","date":"4 March 2019","format":false,"excerpt":"BEEF WATCH- Emaar vs. El Nasr beef looks set to wrap up for good: Emaar Misr and El Nasr Housing will sign next week the final contracts to resolve their two-year-old dispute over a land plot and delays in Emaar\u2019s Uptown Cairo project, Public Enterprises Minister Hisham Tawfik said, according\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\/2019\/3\/768.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":629042,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/21\/el-nasr-to-escalate-legal-dispute-with-emaar-misr-over-uptown-cairo-land\/","url_meta":{"origin":601595,"position":5},"title":"El Nasr to escalate legal dispute with Emaar Misr over Uptown Cairo land","author":"enterpriseam admin","date":"21 May 2018","format":false,"excerpt":"Emaar Misr\u2019s dispute with El Nasr over Uptown Cairo land isn\u2019t over: State-owned El Nasr Housing and Reconstruction reportedly plans to proceed with the arbitration suit it filed last July against Emaar Misr, which alleges that the latter owes it EGP 1 bn and 3 mn sqm of land in\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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/601595","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=601595"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/601595\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/601581"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=601595"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=601595"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=601595"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=601595"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=601595"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}