#ForeignInvestors Turning to ICSID for MENA Disputes

#Foreign hashtag#investors are increasingly filing cases at The World Bank’s hashtag#Arbitration Unit to resolve disputes with countries in the Middle East and North Africa (MENA) region.

hashtag#Egypt is one of the most frequent nations brought to the International Centre for Settlement of Investment Disputes (ICSID), with most cases relating to contractor concessions revoked by government ministries and entities.

“Shahid Law Firm is one of the very first law firms in Egypt to handle cases against Egypt – in the past it used to be all foreign firms representing investors,” said Girgis Abd El-Shahid, our Managing Partner. "The surge in cases against Egypt at ICSID has not deterred foreign investment, it’s the complete opposite – most cases have been decently settled by Egypt."

Read the full article for more.

https://www.linkedin.com/posts/shahid-law-firm_foreign-investors-turn-to-world-bank-for-activity-7117489919836512257-Dku_?utm_source=share&utm_medium=member_desktop