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Egypt wins int'l arbitration case worth LE 3.6 bln
The Egyptian Gazette Published in The Egyptian Gazette on 28 - 05 - 2018

CAIRO, May 28, 2018 (MENA) - Egypt's State Lawsuits Authority (SLA) managed to win an international arbitration case filed by a French company demanding the Egyptian government to pay 174 million euros (about 3.6 billion pounds).
In a statement on Monday, the SLA Secretary General Mohamed Abdel Latif underlined that the authority saved billions of pounds for Egypt's public treasury after a six-year arbitration battle.
The French company had filed a lawsuit before the World Bank's International Center for Settlement of Investment Disputes (ICSID) against the Egyptian government under the pretext of violating commitments of the investment agreement inked between Egypt and France, Abdel Latif asserted.

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