Page 23 - சர்வதேச மையம் க்கு தீர்வு ஆஃப் முதலீடு சச்சரவுகள் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Cementos La Unión loses Arabian Cement Company arbitration case against Egyptian government Written by Global Cement staff 15 December 2020 Egypt: The US-based International Centre for Settlement of Investment Disputes (ICSID) has ruled in favour of the Egyptian government in a compensation case raised by Spain-based Cementos La Unión concerning its Arabian Cement Company (ACC) subsidiary. The El Economista newspaper has reported that the company sought US$286m in compensation, due to the Egyptian government’s decision to retroactively impose new activity and electricity licences shortly after ACC built a new integrated cement plant in Suez Governorate. Cementos La Unión argued that the additional licences breached a bilateral agreement between Spain and Egypt covering investments that were already in place.

Suez governorateAs suwaysEl economistaInternational centre for settlement of investment disputesArabian cement companyInternational centreInvestment disputesSpain based cementos la uniCementos la uniஸூயெஸ் ஆளுநர்சர்வதேச மையம் க்கு தீர்வு ஆஃப் முதலீடு சச்சரவுகள்அரேபியன் சிமென்ட் நிறுவனம்சர்வதேச மையம்முதலீடு சச்சரவுகள்