Matouk Bassiouny & Hennawy (“MBH”) Arbitration Group has successfully secured a favorable CRCICA arbitral award for The Producers Films, an Egyptian market pioneer in the film & media production industry, against one of the top TV & radio networks in the Middle East.
The dispute arose from broadcasting agreements of two well-known series aired a few years ago. The opponent committed breaches of the broadcasting agreement and declined to pay the client’s dues. The opponent in turn filed a counterclaim against the firm’s client amounting to EGP 50,000,000.
The Arbitral Tribunal found in favour of the client, awarding them 100% of its unpaid dues plus an interest rate of 5%. The Arbitral Tribunal has further dismissed, in full, the counterclaim against the Producers.
The team that handled this matter consisted of Amr Abbas (partner and head of arbitration, pictured), Mohamed Sallam (counsel), Maha Zain (associate), and Mohammed A. El Sherif (associate).