CRCICA News Letters
 
 
3- 2014  
ar4
 CRCICA Recent Caseload: The 1000th Case Scored

The total number of arbitration cases filed before CRCICA until 30 September 2014 reached 1000 cases. In the third quarter of 2014, 23 new arbitration cases were filed compared to 18 cases filed in the same quarter last year.

CRCICA's caseload in the third quarter of 2014 included the filing of CRCICA case number 1000 and involved disputes relating mainly to media and entertainment, supply,construction,hotel management, lease agreements, sale and purchase of shares, real estate, concession agreements, joint ventures and services.

Media and entertainment cases dominated the third quarter with eight cases. Six cases related to purely international contracts concluded between an Arab Satellite broadcasting company headquartered in Saudi Arabia and a Sudanese company for the broadcasting of satellite channels. One case related to a contract concluded between an advertising company and a production company regarding the commercial exploitation of a very successful TV series broadcasted this year. Another case related to the exploitation rights over two television series.

The three supply cases related to the operation of a water station in Asran petroleum field in Suez bay, the supply and installation of metal and steel structure erection works in Sadat City, Cairo and the supply of gas to an industrial company located in Borg El Arab, Alexandria-Egypt.

One of the two new construction cases related to a housing project in new Cairo, while the second one related to the construction of a charity school in Cairo, Egypt.

The two hotel management cases related to the management of two hotels located in Hurghada and Sharm El Sheikh.

One of the two new lease agreements related to the lease of a locomotive for maintaining petroleum carriers, while the other related to the lease of two hotels in Hurghada, Egypt.

The two cases arising out of contracts for the sale and purchase of shares involved Egyptian and Libyan shareholders.

The real estate case related to the sale of a Nile cruiser and a floating hotel. The concession agreement related to oil production and involved Kuwaiti and Egyptian investments. The joint venture agreement related to the development of residential and business park projects in Syria. The case arising out of the services contract related to conducting advertising campaigns via a website server.

The total sums in disputes filed under the auspices of the Centre during the third quarter of 2014 amounted to US $ 221,509,197 which, when added to the US $ 64,818,868 scored in the first quarter of 2014 and the US $ 84,349,169 scored in the second quarter of 2014 makes the total sums in disputes filed in the first three quarters of 2014 US $ 370,677,234.

The following pie shows a breakdown of the types of disputed contracts during the third quarter of 2014:


The rich variety of the types of disputed contracts referred to CRCICA in the third quarter of 2014 clearly illustrates the importance of arbitration as a means of dispute settlement and confirms the credibility of institutional arbitration under CRCICA's auspices.

In the third quarter of 2014, arbitration proceedings involved parties from different countries including Egypt, Saudi Arabia, Sudan, Syria, Libya, the UK and British Virgin Islands. CRCICA is satisfied to see that its Arbitration Rules have recently been selected by parties from Africa, the Arab World, the Persian Gulf and Europe.

The following pie shows a breakdown of the nationalities of non-Egyptian parties during the third quarter of 2014:


The third quarter of 2014 witnessed the appointment of arbitrators coming from Egypt, the UK, France, Jordan and Germany.

The following pie shows a breakdown of the nationalities of non-Egyptian arbitrators during the third quarter of 2014:


Cairo Regional Centre for International Commercial Arbitration
1 Al-Saleh Ayoub St. 11211 Zamalek - Cairo, Egypt
T: +20 2 2735 1333/5/7
F: +20 2 2735 1336
info@crcica.org

www.crcica.org

© 2014 - CRCICA