{"id":632485,"date":"2018-02-12T04:14:49","date_gmt":"2018-02-12T04:14:49","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/12\/appellate-court-rejects-appeal-by-golden-pyramids-plaza-against-arbitration-case-with-oci\/"},"modified":"2018-02-12T04:14:49","modified_gmt":"2018-02-12T04:14:49","slug":"appellate-court-rejects-appeal-by-golden-pyramids-plaza-against-arbitration-case-with-oci","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/12\/appellate-court-rejects-appeal-by-golden-pyramids-plaza-against-arbitration-case-with-oci\/","title":{"rendered":"Appellate court rejects appeal by Golden Pyramids Plaza against arbitration case with OCI"},"content":{"rendered":"

A Court of Appeals rejected another appeal filed by Golden Pyramids Plaza against a court of arbitration ruling from March 2015, which ordered Golden Pyramids to pay Orascom Construction Industries (OCI) and Consolidated Contractors International EGP 260.8 mn and USD 43.4 mn plus interest, Golden Pyramids said in a bourse filing on Sunday (pdf)<\/a>. The company\u2019s appeals had been rejected numerous times, including back in July 2017<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

A Court of Appeals rejected another appeal filed by Golden Pyramids Plaza against a court of arbitration ruling from March 2015, which ordered Golden Pyramids to pay Orascom Construction Industries (OCI) and Consolidated Contractors International EGP 260.8 mn and USD 43.4 mn plus interest, Golden Pyramids said in a bourse filing on Sunday (pdf). The […]<\/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":[9304],"tags":[72,2402],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-632485","post","type-post","status-publish","format-standard","hentry","category-real-estate-housing","tag-enterpriseam","tag-real-estate-housing","wpautop","entry"],"acf":{"mongo_id":"15ee300a-c4a7-44e2-a533-53f768dc2eb4","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","full_issue_title":"Appellate court rejects appeal by Golden Pyramids Plaza against arbitration case with OCI","related_issue":[632458],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.ea48cbe3-ba4b-41f7-85b7-5501d47251bb.mp3"},"yoast_head":"\nAppellate court rejects appeal by Golden Pyramids Plaza against arbitration case with OCI - 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\/02\/12\/appellate-court-rejects-appeal-by-golden-pyramids-plaza-against-arbitration-case-with-oci\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Appellate court rejects appeal by Golden Pyramids Plaza against arbitration case with OCI\" \/>\n<meta property=\"og:description\" content=\"A Court of Appeals rejected another appeal filed by Golden Pyramids Plaza against a court of arbitration ruling from March 2015, which ordered Golden Pyramids to pay Orascom Construction Industries (OCI) and Consolidated Contractors International EGP 260.8 mn and USD 43.4 mn plus interest, Golden Pyramids said in a bourse filing on Sunday (pdf). The […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/12\/appellate-court-rejects-appeal-by-golden-pyramids-plaza-against-arbitration-case-with-oci\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-02-12T04:14:49+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\/2018\/02\/12\/appellate-court-rejects-appeal-by-golden-pyramids-plaza-against-arbitration-case-with-oci\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/12\/appellate-court-rejects-appeal-by-golden-pyramids-plaza-against-arbitration-case-with-oci\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Appellate court rejects appeal by Golden Pyramids Plaza against arbitration case with OCI\",\"datePublished\":\"2018-02-12T04:14:49+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/12\/appellate-court-rejects-appeal-by-golden-pyramids-plaza-against-arbitration-case-with-oci\/\"},\"wordCount\":77,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"Real Estate + Housing\"],\"articleSection\":[\"Real Estate + Housing\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/12\/appellate-court-rejects-appeal-by-golden-pyramids-plaza-against-arbitration-case-with-oci\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/12\/appellate-court-rejects-appeal-by-golden-pyramids-plaza-against-arbitration-case-with-oci\/\",\"name\":\"Appellate court rejects appeal by Golden Pyramids Plaza against arbitration case with OCI - 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EGP 305 mn in damages awarded by 2015 arbitration ruling. Reports suggest that FRA is considering the decision. An Appellate\u2026","rel":"","context":"In "Real Estate + Housing"","block_context":{"text":"Real Estate + Housing","link":"https:\/\/enterpriseam.com\/egypt\/category\/real-estate-housing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":645833,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/31\/golden-pyramids-says-asset-sequestration-by-oci-unlawful\/","url_meta":{"origin":632485,"position":2},"title":"Golden Pyramids says asset sequestration by OCI unlawful","author":"enterpriseam admin","date":"31 July 2017","format":false,"excerpt":"Golden Pyramids Plaza says Orascom Construction Industries (OCI) and Consolidated Contractors International began sequestering some of its assets \u201cwithout any legal basis,\u201d according to a bourse disclosure. Golden Pyramids Plaza says it is taking immediate legal action against OCI, asking for the sequestration to be annulled. The company also says\u2026","rel":"","context":"In "Real Estate + Housing"","block_context":{"text":"Real Estate + Housing","link":"https:\/\/enterpriseam.com\/egypt\/category\/real-estate-housing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":630733,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/30\/oci-sues-golden-pyramids-plaza-and-aaib-in-bankruptcy-court\/","url_meta":{"origin":632485,"position":3},"title":"OCI sues Golden Pyramids Plaza and AAIB in bankruptcy court","author":"enterpriseam admin","date":"30 April 2018","format":false,"excerpt":"Orascom Construction Industries (OCI) has kicked up a notch its ongoing legal battle with Golden Pyramids Plaza, suing the company and the Arab African International Bank (AAIB) in an Economic Court. AAIB appears to have been roped into the wrangling since it apparently acted as financial guarantor for Golden Pyramids.\u2026","rel":"","context":"In "Real Estate + Housing"","block_context":{"text":"Real Estate + Housing","link":"https:\/\/enterpriseam.com\/egypt\/category\/real-estate-housing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":630048,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/10\/golden-pyramids-plaza-to-issue-usd-60-mn-in-corporate-bonds\/","url_meta":{"origin":632485,"position":4},"title":"Golden Pyramids Plaza to issue USD 60 mn in corporate bonds","author":"enterpriseam admin","date":"10 April 2018","format":false,"excerpt":"Golden Pyramids Plaza\u2019s board has agreed to issue a second tranche of USD 60 mn under a USD 400 mn bond program, according to a company statement. This comes only days after Orascom Construction Industries (OCI) reportedly requested that the Financial Regulatory Authority (FRA) stop Golden Pyramids Plaza from selling\u2026","rel":"","context":"In "Real Estate + Housing"","block_context":{"text":"Real Estate + Housing","link":"https:\/\/enterpriseam.com\/egypt\/category\/real-estate-housing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":634381,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/14\/golden-pyramids-plaza-seeks-shareholders-approval-to-issue-usd-200-mn-in-bonds\/","url_meta":{"origin":632485,"position":5},"title":"Golden Pyramids Plaza seeks shareholders\u2019 approval to issue USD 200 mn in bonds","author":"enterpriseam admin","date":"14 January 2018","format":false,"excerpt":"Golden Pyramids Plaza is looking to issue USD 200 mn in USD-denominated bonds to pay for a previous issuance, according to a bourse statement. 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