{"id":622505,"date":"2018-10-03T04:33:11","date_gmt":"2018-10-03T04:33:11","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/03\/uks-malicorp-to-file-another-arbitration-case-against-egypt\/"},"modified":"2018-10-03T04:33:11","modified_gmt":"2018-10-03T04:33:11","slug":"uks-malicorp-to-file-another-arbitration-case-against-egypt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/03\/uks-malicorp-to-file-another-arbitration-case-against-egypt\/","title":{"rendered":"UK\u2019s Malicorp to file another arbitration case against Egypt"},"content":{"rendered":"

UK\u2019s Malicorp files new USD 500 mn arbitration suit against Egypt:<\/strong> UK construction firm Malicorp is planning to file another arbitration case against the Civil Aviation Ministry for USD 500 mn in compensation for terminating an 18-year-old contract to build, operate and manage an airport in Ras Sudr, sources close to the matter told a local newspaper<\/a>.<\/p>\n

Background: <\/strong>The concession agreement signed in 2000 was terminated a year later by the Egyptian side, which claimed Malicorp failed to comply with agreed terms. The company claimed the termination was related to national security concerns on the Egyptian side.<\/p>\n

ICSID dismisses compensation claim for damages: <\/strong>Malicorp had previously taken the case to the International Centre for Settlement of Investment Disputes (ICSID) (pdf)<\/a>, seeking USD 500 mn in damages, but the international tribunal dismissed the company\u2019s claim for compensation and ordered both parties to share the costs. Malicorp tried to reverse the ICSID\u2019s decision, but failed.<\/p>\n

CRCICA agrees modest compensation for expenses:<\/strong> Malicorp then filed for arbitration at the Cairo Regional Centre for International Commercial Arbitration (CRCICA), which ordered Egypt to reimburse the UK company for expenses in the amount of USD 14.8 mn<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

UK\u2019s Malicorp files new USD 500 mn arbitration suit against Egypt: UK construction firm Malicorp is planning to file another arbitration case against the Civil Aviation Ministry for USD 500 mn in compensation for terminating an 18-year-old contract to build, operate and manage an airport in Ras Sudr, sources close to the matter told a […]<\/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":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-622505","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"ad4ed029-71b1-4dbd-a27e-fa5be1f8de27","order":"0","is_powered_by":true,"section_story_id":"8432c123-0b96-4a14-9ae4-f7467539754b","story_type":"1","photo_url":"","photo_position":"above","related_issue":[622490],"teaser":"","voice_url":""},"yoast_head":"\nUK\u2019s Malicorp to file another arbitration case against Egypt - 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\/2018\/10\/03\/uks-malicorp-to-file-another-arbitration-case-against-egypt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UK\u2019s Malicorp to file another arbitration case against Egypt\" \/>\n<meta property=\"og:description\" content=\"UK\u2019s Malicorp files new USD 500 mn arbitration suit against Egypt: UK construction firm Malicorp is planning to file another arbitration case against the Civil Aviation Ministry for USD 500 mn in compensation for terminating an 18-year-old contract to build, operate and manage an airport in Ras Sudr, sources close to the matter told a […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/03\/uks-malicorp-to-file-another-arbitration-case-against-egypt\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-10-03T04:33:11+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\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/03\/uks-malicorp-to-file-another-arbitration-case-against-egypt\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/03\/uks-malicorp-to-file-another-arbitration-case-against-egypt\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"UK\u2019s Malicorp to file another arbitration case against Egypt\",\"datePublished\":\"2018-10-03T04:33:11+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/03\/uks-malicorp-to-file-another-arbitration-case-against-egypt\/\"},\"wordCount\":199,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/03\/uks-malicorp-to-file-another-arbitration-case-against-egypt\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/03\/uks-malicorp-to-file-another-arbitration-case-against-egypt\/\",\"name\":\"UK\u2019s Malicorp to file another arbitration case against Egypt - 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