Major Legal Victory: Youssef & Partners Secures $60 Million Arbitration Award for UAE Investor in Oil and Gas Sector
Youssef & Partners (Youssef + Partners) has secured a significant victory in a high-stakes international arbitration case, serving as the sole legal counsel for a UAE-based investor in the oil and gas industry. The firm successfully represented the investor in a complex arbitration dispute valued at USD 60 million against a prominent international oil and gas corporation based in the UAE. The arbitration proceedings were conducted under the auspices of the Cairo Regional Centre for International Commercial Arbitration (CRCICA), further underscoring the firm’s expertise in handling major disputes in the energy sector.
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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