MBH sets aside a CRCICA arbitral award worth approx USD1.5 B  

Matouk Bassiouny & Hennawy (“MBH”) has successfully represented a sovereign state (the “State”) in setting aside a CRCICA arbitral award worth nearly USD 1.5 billion before the Cairo Court of Appeal. This arbitral award was rendered against the State concerning an urban development agreement between the State and an urban developer for developing a new city in that State. MBH did not represent the State in the arbitration proceedings but was entrusted with handling the nullification lawsuit.  

This is a ground-breaking annulment action in which the Court has accepted in its judgment more than four primary annulment grounds raised by our team in their comprehensive memoranda and oral pleadings.  

The team that handled this matter was led by MBH partners (picturee above from left to right) John F. Matouk (group head of dispute resolution), Amr A. Abbas (head of arbitration), Mohamed Shehata (head of litigation), Ahmed Abdelhakeem (partner), and Mohamed Omar (partner), and comprised of Reda Morsy (legal director), Eslam Abdeldayem (senior associate), Mohamed Samy (senior associate), Khaled Abou El Wafa (senior associate), Ali Megahed (senior associate), Hesham El Wakeel (associate), Eman Hussein (associate) and Mohammed A. Elsherif (associate).