Case Details
International Holding Project Group and others v. Arab Republic of Egypt (ICSID Case No. ARB/18/31)
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Real estate project
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Agriculture, Fishing & Forestry
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BIT Egypt, Arab Republic of - Kuwait 2001
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ICSID Convention - Arbitration Rules
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International Holding Project Group (Kuwaiti), MENA Investment (Kuwaiti), International Real Estate Projects Group (Kuwaiti), International Storage Group (Kuwaiti), Abd-El-Aziz Saleh Esmail Abdallah Al-Rashed (Kuwaiti), MENA Holding (Kuwaiti), Awrad International Holding (Kuwaiti), MENA Resorts & Hotels (Kuwaiti), MENA International Real Estate (Kuwaiti), Morgan Al-Khaleej Holding (Kuwaiti), International Intercontinental Transport Group (Kuwaiti), Knowledge House for Educational Services (Kuwaiti), Steelco International For Steel Work & Contracting (formerly Aswaqna Holding) (Kuwaiti)
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Arab Republic of Egypt (Egyptian)
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September 19, 2018
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August 6, 2019
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Pierre TERCIER (Swiss) - Appointed by the Parties
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John Y. GOTANDA (U.S.) - Appointed by the Claimant(s)
Claus VON WOBESER (German, Mexican) - Appointed by the Respondent(s) -
King & Spalding, Washington, D.C., New York, NY, Houston,TX, U.S.A. and Paris, France
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Wordstone Dispute Resolution AARPI, Paris, France
Egyptian State Lawsuits Authority, Giza, Egypt -
English
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Concluded
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September 13, 2024 - The Tribunal renders its award.
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Respondent(s)
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February 4, 2025
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March 25, 2025
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Jakob RAGNWALDH (Swedish)
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King & Spalding, Houston, TX, U.S.A. and Paris, France
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Wordstone Dispute Resolution AARPI, Paris, France
Egyptian State Lawsuits Authority, Giza, Egypt -
English
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Pending
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March 25, 2025 - The ad hoc Committee is constituted in accordance with Article 52(3) of the ICSID Convention. Its members are: Jakob Ragnwaldh (Swedish), President; Swee Yen Koh (Singaporean); and Colm Ó hOisín (Irish); all members appointed by the Chairman of the Administrative Council.
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Claimant(s)
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February 4, 2025
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March 25, 2025
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Jakob RAGNWALDH (Swedish)
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King & Spalding, Houston, TX, U.S.A. and Paris, France
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Wordstone Dispute Resolution AARPI, Paris, France
Egyptian State Lawsuits Authority, Giza, Egypt -
English
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Pending
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March 25, 2025 - The ad hoc Committee is constituted in accordance with Article 52(3) of the ICSID Convention. Its members are: Jakob Ragnwaldh (Swedish), President; Swee Yen Koh (Singaporean); and Colm Ó hOisín (Irish); all members appointed by the Chairman of the Administrative Council.
(a) Original Proceeding
Composition of Tribunal
Party Representatives
(b) Annulment Proceeding
Composition of ad hoc Committee (Appointed by the Chairman of the Administrative Council)
Party Representatives
(c) Second Annulment Proceeding
Composition of Tribunal
Party Representatives
No References Available.
(a) Original Proceeding
Date | Development |
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September 19, 2018 | The Secretary-General registers a request for the institution of arbitration proceedings. |
January 31, 2019 | Following appointment by the Claimants, John Y. Gotanda (U.S.) accepts his appointment as arbitrator. |
March 19, 2019 | Following appointment by the Respondent, Claus von Wobeser (German/Mexican) accepts his appointment as arbitrator. |
August 6, 2019 | Following appointment by agreement of the parties, Pierre Tercier (Swiss) accepts his appointment as presiding arbitrator. |
August 6, 2019 | The Tribunal is constituted in accordance with Article 37(2)(b) of the ICSID Convention. Its members are: Pierre Tercier (Swiss), President, appointed by agreement of the parties; John Y. Gotanda (U.S.), appointed by the Claimants; and Claus von Wobeser (German/Mexican), appointed by the Respondent. |
September 27, 2019 | The Tribunal holds a first session by telephone conference. |
October 2, 2019 | The President of the Tribunal holds a procedural consultation by telephone conference. |
October 22, 2019 | The Tribunal issues Procedural Order No. 1 concerning procedural matters. |
January 20, 2020 | The Tribunal issues Procedural Order No. 2 concerning procedural matters. |
March 2, 2020 | The Claimants file a memorial on the merits. |
April 14, 2020 | The Respondent files a request to address the objections to jurisdiction, merits and quantum in separate phases of the proceeding. |
May 5, 2020 | The Claimants file observations on the request to address the objections to jurisdiction, merits and quantum in separate phases of the proceeding. |
June 8, 2020 | The Tribunal issues Procedural Order No. 3 concerning the Respondent’s request to address the objections to jurisdiction, merits and quantum in separate phases of the proceeding. |
February 1, 2021 | The Respondent files a counter-memorial on the merits. |
March 22, 2021 | Following exchanges between the parties, each party files a request for the Tribunal to decide on production of documents. |
April 30, 2021 | The Tribunal issues Procedural Order No. 4 concerning production of documents. |
August 3, 2021 | The Claimants file a reply on the merits. |
November 23, 2021 | The Respondent files a rejoinder on the merits. |
November 23, 2021 | The Respondent files a request for security for costs. |
December 1, 2021 | The Tribunal holds a pre-hearing organizational meeting by video conference. |
December 9, 2021 | The Tribunal issues Procedural Order No. 5 concerning the organization of the hearing. |
January 24, 2022 | The Tribunal issues Procedural Order No. 6 concerning the Respondent’s application for security for costs. |
January 24, 2022 | The Tribunal issues Procedural Order No. 7 concerning procedural matters. |
April 6, 2022 | The Tribunal holds a pre-hearing organizational meeting with the parties by video conference. |
April 7, 2022 | The Tribunal issues Procedural Order No. 8 concerning the organization of the hearing. |
May 16, 2022 - May 20, 2022 | The Tribunal holds a hearing on jurisdiction and the merits in Paris. |
July 5, 2022 | The Tribunal issues Procedural Order No. 9 concerning the organization of the hearing. |
July 12, 2022 | The Tribunal holds a continuation of the hearing on jurisdiction and the merits in Paris. |
December 1, 2022 | Each party files a statement of costs. |
December 8, 2022 | The Respondent files observations on the Claimants’ statement of costs. |
December 19, 2022 | The Claimants file a response to the Respondent’s observations of December 8, 2022. |
December 23, 2022 | The Tribunal issues Procedural Order No. 10 concerning procedural matters. |
January 10, 2023 | The Respondent files further observations on the Claimants’ statement of costs. |
May 23, 2024 | The Tribunal declares the proceeding closed in accordance with ICSID Arbitration Rule 38(1). |
September 13, 2024 | The Tribunal renders its award. |
(b) Annulment Proceeding
Date | Development |
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February 4, 2025 | The Secretary-General registers an application for partial annulment of the award filed by the Arab Republic of Egypt and notifies the parties of the provisional stay of enforcement of the award. |
March 25, 2025 | The ad hoc Committee is constituted in accordance with Article 52(3) of the ICSID Convention. Its members are: Jakob Ragnwaldh (Swedish), President; Swee Yen Koh (Singaporean); and Colm Ó hOisín (Irish); all members appointed by the Chairman of the Administrative Council. |
(c) Second Annulment Proceeding
Date | Development |
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February 4, 2025 | The Secretary-General registers an application for partial annulment of the award filed by International Holding Project Group and others. |
March 25, 2025 | The ad hoc Committee is constituted in accordance with Article 52(3) of the ICSID Convention. Its members are: Jakob Ragnwaldh (Swedish), President; Swee Yen Koh (Singaporean); and Colm Ó hOisín (Irish); all members appointed by the Chairman of the Administrative Council. |