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2015
ArcelorMittal v. Egypt ArcelorMittal S.A. v. Arab Republic of Egypt (ICSID Case No. ARB/15/47)
Nationality of the parties
Egypt
Luxembourg
Summary of matters at issue
Investments in the construction of a steel plant.
Claims arising out of the Government’s alleged refusal to extend the development period for the claimant’s steel plant construction project, followed by a process to revoke the claimant’s licenses. According to the claimant, the construction was delayed due to the occupation of the property and problems with gas and electricity supply.
Economic sector and subsector
Secondary: C - Manufacturing
24 - Manufacture of basic metals
Arbitral rules and administering institution
ICSID (International Centre for Settlement of Investment Disputes)
ICSID (International Centre for Settlement of Investment Disputes)
Composition of tribunal
Price, D. M.
Stern, B.
Status/Outcome of original proceedings
Settled
Decisions rendered
None
Amount of compensation
600.00 mln USD
Data not available
IIA breaches alleged/found
Data not available
Not applicable - settled or discontinued before decision on liability
Follow-on proceedings
None
Link to Italaw's case page