September 30, 2021
Egypt is urging a federal judge to keep litigation filed by a mining investor to enforce a $115 million arbitral award against the country on hold, saying a Dutch court is set to determine whether the tribunal wrongly shut down arguments about the investor's alleged Finnish nationality.
June 04, 2021
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.
August 10, 2020
A Finnish businessman is urging a D.C. federal court to enforce an arbitral award against Egypt worth some $115 million, which he won after his iron ore project was shut down by the Egyptian government and he was thrown in jail for more than three years on trumped-up misappropriation of funds charges.