Featured in GAR: Spanish cement investors seek to revive Egypt claim.
In a move to restore their investments in Egypt, Spanish cement companies Cementos La Union and Aridos have sought the expertise of Youssef & Partners (Youssef + Partners). Led by Karim A. Youssef and his team of legal professionals, the firm has been instrumental in offering robust direction and guidance regarding findings of breach and damages for cases involving local adjudicatory bodies not acting in accordance with international law or investment treaties.
Youssef & Partners Represents Cementos La Union in €240M Claim
Youssef & Partners’ (Youssef + Partners’) partners Karim A. Youssef and Cesar Ternieden and associates Alyaa Saleh, Doha El Eshy, and Kholoud Maher in Cairo were counsel to Cementos La Union and Aridos in the annulment proceeding. Youssef along with associates Doha El Eshy, Alyaa Saleh, Nouran Salama, Kholoud Maher, and Donia Khafagui acted as their counsel in the arbitration.
Karim A. Youssef Critiques ICSID Award for Spanish Investors
In an interview with GAR, an award rendered in the case of the Spanish investors was described as “astonishingly disappointing” by Karim A. Youssef—but, according to him, was made more meaningful because of the dissent that accompanied the majority decision; a dissent that he believes provides ‘ample guidance when determining the consequences of breach and related damages’.
Read the full article on Global Arbitration Review (( https://globalarbitrationreview.com/article/spanish-cement-investors-seek-revive-egypt-claim))
Stay Updated
FAQs About Youssef & Partners’ Representation of Cementos La Union
What is the current case involving Cementos La Union and Aridos?
Cementos La Union and Aridos are seeking to restore their investments in Egypt with the help of Youssef & Partners, focusing on breaches and damages from local adjudicatory bodies not following international law.
Why did Cementos La Union and Aridos choose Youssef & Partners?
They chose Youssef & Partners for their expertise in handling breaches and damages cases where local bodies haven’t followed international law or treaties.
What are the next steps in the case?
The next steps will involve continuing legal actions and strategies based on the annulment proceedings and the ICSID award. Youssef & Partners will keep providing expert representation to advance their clients’ interests.
