Major Legal Victory: Youssef & Partners Secures $60 Million Arbitration Award for UAE Investor in Oil and Gas Sector
Youssef & Partners (Youssef + Partners) has achieved a major victory in an international arbitration case, acting as the sole counsel for a UAE-based investor in the oil and gas sector. The firm represented the investor in a USD 60 million arbitration case against an international UAE-based oil and gas corporation under the auspices of the Cairo Regional Centre for International Commercial Arbitration (CRCICA).
Successful Arbitration Outcome for UAE Investor in Complex Egyptian Law Dispute
The case involved numerous claims by the UAE-based investor, reflecting the counterparty’s breaches of contractual obligations and its non-compliance with an agreement on the sale of interests in numerous concessions under Egyptian law.
After an extensive and detailed legal battle, Youssef & Partners (Youssef + Partners) was successful in obtaining a favorable arbitration award against the counterparty, which will substantially benefit the interests of our client.
Read the Full article on Global Arbitration Review ((https://globalarbitrationreview.com/insight/know-how/challenging-and-enforcing-arbitration-awards/report/united-arab-emirates))
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