Egypt & International Arbitration: Protection Of Investor, No Consolation for Public Money

Publishing Date: 
Sun, 2013-10-13
<div class="page" title="Page 3"> <div class="layoutArea"> <div class="column"> <p><span>Egypt is one of the top four countries facing international litigation from foreign investors. Since the </span><span>January 2011 revolution, foreign investors have filed more than ten lawsuits against Egypt at the </span><span>International Center for Settlement of Investment Disputes (ICSID) alone. The real number is certainly </span><span>more than these publicized cases, since many are dealt with in secret, based on the rules followed by various international courts specialized in arbitrating investment issues. Despite the harm it caused the country in the past years, before and after the revolution, Egypt keeps restraining its courts and political sovereignty in decision making by entering into new bilateral investment accords and free trade </span><span>agreements.&nbsp;</span></p> </div> </div> </div>
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