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Procedural Issue Substantive Issue

Year the case was initiated1999
Year the award was rendered2002
Country involvedEgypt
Home country of the investorGreece
Parties to the disputeMiddle East Cement Shipping and Handling Co v. Arab Republic of Egypt (ICSID Case No. ARB/99/6)
Sector3
Type of investmentcement distribution enterprise
Nature of dispute / claim
Legal instrumentEgypt-Greece BIT
Rules / VenuesICSID
Amount sought by investorUS$ 42 million plus compound interest
Amount awarded / status of disputeUS$ 2,190,430 awarded plus US$ 1,558,970 in relation to compound interest up to date of award, plus interest at 6% compounded annually until payment
ArbitratorsKarl-Heinz Böckstiegel (Chair); Piero Bernardini; Don Wallace, Jr.
Decisions renderedAward issued on 12 April 2002
Statusawarded in favor of the investor
Linkshttp://www.worldbank.org/icsid/cases/me_cement-award.pdf
Commentary (if any)
Special features