Egypt In Default In Iron Ore Investor's $115M Arbitration Suit
By Lauren Berg ( June 4, 2021, 10:16 PM EDT) -- A D.C. federal clerk has declared Egypt in default for not responding to a Finnish businessman's bid to enforce a $115 million arbitral award he won after his iron ore project was shut down by the Egyptian government and he was thrown in jail on trumped-up charges of misappropriation of funds....
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