The total number of arbitration cases filed before CRCICA until 31 December 2013 reached 1016 cases. In 2014, 74 new arbitration cases were filed compared to 72 cases scored in 2013.
17 out of the 74 new cases were filed in the first quarter of 2014, while 18 cases were filed in the second quarter of 2014. The third quarter of 2014 witnessed the filing of 23 new arbitration cases, while 16 new cases were filed in the last quarter of 2014.The largest amount in dispute filed in 2014 amounted to US $176,000,000.
The 16 new cases filed in the fourth quarter of 2014 involved disputes relating to media and entertainment, construction, real estate, charter party agreements, services, lease agreements, sale and purchase of shares and supply.
The following pie shows a breakdown of the types of disputed contracts during the fourth quarter of 2014:
According to the statistics of 2014, Media and Entertainment disputes rank on top of the disputed contracts referred to the Centre (17 Cases) followed by construction disputes (10 cases) and lease agreements (9 cases). Real estate and supply cases filed in 2014 amounted to 7 cases each, while the number of cases arising out of hotel management and sale and purchase of shares amounted to 4 cases each. Three cases arising out of services contracts were also filed in 2014.The other 13 cases filed in 2014 related to charter party agreements, information technology, joint venture agreements and telecommunications (2 cases each), in addition to cases arising out of agency, concession, settlement and subcontracting agreements as well as sports-related disputes (1 case each).
The following pie shows a breakdown of the types of disputed contracts in 2014:
The rich variety of the types of disputed contracts referred to CRCICA in 2014 clearly illustrates the importance of arbitration as a means of dispute settlement and confirms the credibility of institutional arbitration under CRCICA’s auspices.
In the fourth quarter of 2014, arbitration proceedings involved parties from different countries including Lebanon, U.A.E, Bahrain, Kuwait, USA, Switzerland, Greece, Seychelles and Italy.
According to the statistics of 2014, parties from Saudi Arabia rank on top of the non-Egyptian parties referring their disputes to the Centre. followed by parties from Sudan, Syria, Kuwait, Lebanon, Libya, U.A.E. and Bahrain, while parties from the U.K. rank on top of non-Arab parties referring their disputes to the Centre, followed by parties from Switzerland, USA, British Virgin Islands, Germany, Greece, Italy, Panama and the Seychelles.
CRCICA is pleased to see that in 2014, its Arbitration Rules have been chosen by parties to 9 purely international contracts concluded between parties from Saudi Arabia, Kuwait, Sudan, Panama, Switzerland, U.A.E., Seychelles and Lebanon. This marks a new record in the number of purely international cases (not involving any Egyptian party) that have been filed under the auspices of the Centre in one year.
The following pie shows a breakdown of the nationalities of non-Egyptian parties in 2014:
According to the statistics of 2014, arbitrators from U.K. rank on top of non-Arab arbitrators, followed by arbitrators from Switzerland, France, Germany and Ireland. Arab arbitrators came from Jordan and Syria.
The following pie shows a breakdown of the nationalities of non-Egyptian arbitrators in 2014: