{"id":628050,"date":"2018-06-24T04:29:36","date_gmt":"2018-06-24T04:29:36","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/24\/did-egypt-save-egp-5-bn-in-potential-intl-arbitration-disputes\/"},"modified":"2018-06-24T04:29:36","modified_gmt":"2018-06-24T04:29:36","slug":"did-egypt-save-egp-5-bn-in-potential-intl-arbitration-disputes","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/24\/did-egypt-save-egp-5-bn-in-potential-intl-arbitration-disputes\/","title":{"rendered":"Did Egypt save EGP 5 bn in potential int\u2019l arbitration disputes?"},"content":{"rendered":"

Did Egypt save EGP 5 bn in potential int\u2019l arbitration disputes?<\/strong> The State Lawsuits Authority won international arbitration disputes in April and May that have together saved Egypt around EGP 5 bn, sources at the authority said<\/a>. The authority mounted a successful defense of claims by French environmental services firm Veolia Propret\u00e9, said the authority\u2019s Secretary General Mohamed Abdel Latif. The company had taken Egypt to international arbitration seeking a EGP 3.6 bn settlement over the breakdown of its six-year contract with Alexandria governorate for waste management services back in 2012. The story gives no details on the energy case.<\/p>\n

On a related note, the government sources had said last month<\/a> that there will amendments to the State Lawsuits Authority Act that would impact international arbitration cases<\/strong>. These sources said nothing by way of detail beyond stating that these amendments would help \u201cimprove procedures to reach quick resolutions on Egypt\u2019s international and domestic cases.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Did Egypt save EGP 5 bn in potential int\u2019l arbitration disputes? The State Lawsuits Authority won international arbitration disputes in April and May that have together saved Egypt around EGP 5 bn, sources at the authority said. The authority mounted a successful defense of claims by French environmental services firm Veolia Propret\u00e9, said the authority\u2019s […]<\/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-628050","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"6273e278-8e13-45bb-ad20-645f5a85f326","order":"0","is_powered_by":true,"section_story_id":"df65e825-450f-4737-aef8-9552c08bf292","story_type":"1","photo_url":"","photo_position":"above","related_issue":[628029],"teaser":"","voice_url":""},"yoast_head":"\nDid Egypt save EGP 5 bn in potential int\u2019l arbitration disputes? - 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\/06\/24\/did-egypt-save-egp-5-bn-in-potential-intl-arbitration-disputes\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Did Egypt save EGP 5 bn in potential int\u2019l arbitration disputes?\" \/>\n<meta property=\"og:description\" content=\"Did Egypt save EGP 5 bn in potential int\u2019l arbitration disputes? The State Lawsuits Authority won international arbitration disputes in April and May that have together saved Egypt around EGP 5 bn, sources at the authority said. 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They did not provide details on the\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":631957,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/07\/08\/world-bank-arbitration-tribunal-dismisses-emirati-oil-firms-case-against-egyptian-government\/","url_meta":{"origin":628050,"position":1},"title":"World Bank arbitration tribunal dismisses Emirati oil firm\u2019s case against Egyptian government","author":"enterpriseam admin","date":"8 July 2024","format":false,"excerpt":"The Emirati company was looking to receive an EGP 3 bn settlement from the Egyptian government","rel":"","context":"In "DISPUTE WATCH"","block_context":{"text":"DISPUTE WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/dispute-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/7\/533.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":624717,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/17\/opinion-writers-are-mad-we-are-losing-at-intl-arbitration\/","url_meta":{"origin":628050,"position":2},"title":"Opinion writers are mad we are losing at int\u2019l arbitration","author":"enterpriseam admin","date":"17 September 2018","format":false,"excerpt":"**#7 Opinion writers, unhappy Egypt is \u201closing\u201d at int\u2019l arbitration, simply miss the point: Since the USD 2 bn ruling handed down by the International Centre for Settlement of Investment Disputes in favor of Union Fenosa, opinion writers have expressed frustration at this \u201closing streak.\u201d Ziad Bahaa El Din is\u2026","rel":"","context":"In "On Deadline"","block_context":{"text":"On Deadline","link":"https:\/\/enterpriseam.com\/egypt\/category\/on-deadline\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":633101,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/27\/israel-denies-it-is-making-concessions-on-the-intl-arbitration-award-against-egypt\/","url_meta":{"origin":628050,"position":3},"title":"Israel denies it is making concessions on the int\u2019l arbitration award against Egypt","author":"enterpriseam admin","date":"27 February 2018","format":false,"excerpt":"Israel denies it is making concessions on the int\u2019l gas arbitration award against Egypt\u2014have the two sides agreed just to gloss over it? Senior Israeli officials have denied that last week\u2019s pact to export USD 15 bn worth of natural gas to Egypt included an agreement to squash a USD\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":628571,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/08\/govt-halts-settlement-talks-with-qatari-diar-over-egp-16-bn-hurghada-project\/","url_meta":{"origin":628050,"position":4},"title":"Gov\u2019t halts settlement talks with Qatari Diar over EGP 16 bn Hurghada project","author":"enterpriseam admin","date":"8 May 2018","format":false,"excerpt":"EXCLUSIVE- Gov\u2019t halts settlement talks with Qatari Diar over EGP 16 bn Hurghada project: The government has halted settlement talks with Qatari Diar over the company\u2019s EGP 16 bn Hurghada resort, government sources tell Enterprise. The company has made no attempts to settle the dispute or engage with the government\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":629223,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/24\/te-to-settle-with-etisalat-orange-for-egp-1-2-bn\/","url_meta":{"origin":628050,"position":5},"title":"TE to settle with Etisalat, Orange for EGP 1.2 bn","author":"enterpriseam admin","date":"24 May 2018","format":false,"excerpt":"Telecom Egypt (TE) will pay EGP 1.2 bn to Etisalat Misr and Orange Egypt to settle past and long-standing disputes which had gone through arbitration proceedings, the company said in its general assembly minutes (pdf). 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