{"id":649707,"date":"2017-03-07T04:38:03","date_gmt":"2017-03-07T04:38:03","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/07\/investment-disputes-settlement-committee-reaches-settlement-with-utsch-in-arbitration-cases-filed-against-egypt-exclusive\/"},"modified":"2017-03-07T04:38:03","modified_gmt":"2017-03-07T04:38:03","slug":"investment-disputes-settlement-committee-reaches-settlement-with-utsch-in-arbitration-cases-filed-against-egypt-exclusive","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/07\/investment-disputes-settlement-committee-reaches-settlement-with-utsch-in-arbitration-cases-filed-against-egypt-exclusive\/","title":{"rendered":"Investment disputes settlement committee reaches settlement with Utsch in arbitration cases filed against Egypt -Exclusive"},"content":{"rendered":"

<\/a> The Ministerial Committee for Settlement of Investment Disputes is finalizing a draft settlement agreement with Germany\u2019s Utsch AG over its international arbitration case filed against Egypt<\/strong>, Committee Chairman Deputy Justice Minister for Arbitration and International Disputes Moustafa El Bahabety<\/a> told Enterprise exclusively.<\/p>\n

The background:<\/strong> The case dates back to what was known as the \u201clicense plates\u201d case in which former Prime Minister Ahmed Nazif, former Interior Minister Habib El Adly, and former Finance Minister Youssef Boutros Ghali were charged with corruption charges related to the 2008 purchase of car license plates from Utsch. Nazif and El Adly were cleared of the charges in 2015. The court in 2011<\/a> had also initially convicted Erich Utsch AG\u2019s Chairman and CEO, Helmut Jungbluth<\/a>, with the ministers, sending him to one year in prison in absentia. Having been sentenced in absentia, Jungbluth could not appeal the decision as he was not physically present in Egypt. The company responded and its subsidiaries\u00a0Utsch M.O.V.E.R.S. International<\/a>and\u00a0Erich Utsch, as well as Jungbluth himself, filed an international arbitration case against Egypt seeking compensation for damages in ICSID Case No. ARB\/13\/37<\/a>.<\/p>\n

The good news: <\/strong>After the parties agreed to suspend case proceedings in July 2016, El Bahabety tells us an agreement has been reached and a settlement between Egypt, Utsch, and Jungbluth is currently being drafted and will be signed soon. The agreement was possible following a 2015 amendment to article 18-B of the criminal procedures law that allowed for lawyers to represent clients who were convicted in absentia in felonies and file to reinstate proceedings, which resulted in Jungbluth\u2019s acquittal.<\/p>\n

\u2026Separately, sources told Al Mal<\/a> that the office of President Abdel Fattah El Sisi is getting involved to help resolve disputes surrounding Orascom Housing Communities (OHC)\u2019s Haram City affordable housing project<\/strong>. The project came to a halt in 2011, but Ittihadiya has reportedly tasked the Ministerial Committee for Settlement of Investment Disputes to resolve the disputes with international partners in the project. El Bahabety could not confirm Al Mal\u2019s assertion of Ittihadiya\u2019s involvement<\/strong>, but told us talks with OHC are still in preliminary stages and all parties are considering means to settle the dispute. OHC says the state\u2019s New Urban Communities Authority (NUCA) was contracted to provide it with 2,000 feddans for the project, but ended providing 620 feddans only.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Ministerial Committee for Settlement of Investment Disputes is finalizing a draft settlement agreement with Germany\u2019s Utsch AG over its international arbitration case filed against Egypt, Committee Chairman Deputy Justice Minister for Arbitration and International Disputes Moustafa El Bahabety told Enterprise exclusively. The background: The case dates back to what was known as the \u201clicense […]<\/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-649707","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"6e2673fa-e2b4-4b7c-88a8-6e139d5cd4f8","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[649701],"teaser":"","voice_url":""},"yoast_head":"\nInvestment disputes settlement committee reaches settlement with Utsch in arbitration cases filed against Egypt -Exclusive - 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\/2017\/03\/07\/investment-disputes-settlement-committee-reaches-settlement-with-utsch-in-arbitration-cases-filed-against-egypt-exclusive\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Investment disputes settlement committee reaches settlement with Utsch in arbitration cases filed against Egypt -Exclusive\" \/>\n<meta property=\"og:description\" content=\"The Ministerial Committee for Settlement of Investment Disputes is finalizing a draft settlement agreement with Germany\u2019s Utsch AG over its international arbitration case filed against Egypt, Committee Chairman Deputy Justice Minister for Arbitration and International Disputes Moustafa El Bahabety told Enterprise exclusively. 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Utsch and its subsidiaries had\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":637175,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/09\/el-bahabety-to-head-ministerial-technical-committee-to-resolve-investment-disputes\/","url_meta":{"origin":649707,"position":1},"title":"El Bahabety to head ministerial technical committee to resolve investment disputes","author":"enterpriseam admin","date":"9 November 2017","format":false,"excerpt":"Prime Minister Sherif Ismail has approved the composition of the Ministerial Committee for Settlement of Investment Disputes to be headed by the PM himself and to include the ministers of justice, investment, trade and industry, finance, public enterprise, as well as the Deputy Justice Minister for Arbitration and International Disputes,\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":628140,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/26\/top-egyptian-lawyers-among-appointments-to-the-iccs-international-court-of-arbitration\/","url_meta":{"origin":649707,"position":2},"title":"Top Egyptian lawyers among appointments to the ICC\u2019s International Court of Arbitration","author":"enterpriseam admin","date":"26 June 2018","format":false,"excerpt":"Deputy Justice Minister El Bahabety named as honorary member to the ICC\u2019s International Court of Arbitration: Our friend Moustafa El Bahabety, the deputy justice minister for arbitration and international disputes, was named as an honorary member of the ICC. El Bahabety has been a judge on the ICC since 2005\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":635959,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/18\/ministerial-committee-resolves-usd-937-mn-dispute-with-saudi-investor\/","url_meta":{"origin":649707,"position":3},"title":"Ministerial committee resolves USD 937 mn dispute with Saudi investor","author":"enterpriseam admin","date":"18 December 2017","format":false,"excerpt":"The Ministerial Committee for Settlement of Investment Disputes settled a USD 937 mn dispute with Saudi Investor Hashem El Mehdar Group Industry & Tourism Development, Al Masry Al Youm reports. El Mehdar withdrew an international arbitration case he had filed against Egypt and will move ahead with planned investment 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":[]},{"id":631686,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/25\/administrative-court-overturns-ruling-against-mubarak-nazif-adly-over-2011-telecom-shutdown\/","url_meta":{"origin":649707,"position":4},"title":"Administrative Court overturns ruling against Mubarak, Nazif, Adly over 2011 telecom shutdown","author":"enterpriseam admin","date":"25 March 2018","format":false,"excerpt":"The Supreme Administrative Court issued a decision yesterday to overturn a previous ruling to fine former president Hosni Mubarak along with former prime minister Ahmed Nazif and ex-interior minister Habib El Adly some EGP 540 mn for cutting electronic communications during the 25 January uprising, Al Ahram reports. The initial\u2026","rel":"","context":"In "Egypt Politics + Economics"","block_context":{"text":"Egypt Politics + Economics","link":"https:\/\/enterpriseam.com\/egypt\/category\/egypt-politics-economics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":560015,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/11\/how-egypt-is-earning-investor-confidence-one-arbitration-case-at-a-time\/","url_meta":{"origin":649707,"position":5},"title":"How Egypt is earning investor confidence, one arbitration case at a time","author":"enterpriseam admin","date":"11 February 2021","format":false,"excerpt":"The state of Egypt\u2019s arbitration environment + case pipeline, as told by Assistant Justice Minister Moustafa El Bahabety. 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