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CRCICA Recent Caseload: Services contracts surpass construction contracts for the first time since years

The total number of arbitration cases filed before CRCICA until 31 December 2013 reached 942 cases. In 2013, 72 new arbitration cases were filed compared to the record 78 cases scored in 2012. 15 out of the 72 new cases were filed in the first quarter of 2013, while 16 cases were filed in the second quarter of 2013. The third quarter of 2013 witnessed the filing of 18 new arbitration cases, while 23 new cases were filed in the last quarter of 2013.

The total sums in disputes filed under the auspices of the Centre until 31 December 2013 amounted to US $ 1,547,758,635. The largest amount in dispute being US $ I billion (EGP 7 billion), representing as such a new record amount in dispute in cases brought before the Centre during the last three years. It is worth noting that in 2012 the total sums in disputes reached US$ 1,341,568,978.25. Compared to 2012, 2013 witnessed, therefore, an increase in the sums in dispute amounting to US$ 206,189,656.75, scoring as such 1.15 % annual increase.

The 23 new cases filed in the third quarter of 2013 involved disputes relating to services, media and entertainment, construction, hotel management, lease agreements, loan agreements, real estate, sale and purchase of shares and telecommunications.

The following pie shows a breakdown of the types of disputed contracts during the fourth quarter of 2013:

arbs4201301

According to the statistics of 2013, for the first time since years, construction cases do not rank on top of the disputed contracts referred to the Centre; they come second (12 cases) after services disputes (16 Cases), followed by lease agreements and real estate (7 cases each), investment agreements and media and entertainment (5 cases each), hotel management and supply (3 cases each), gas supply and petroleum services (2 cases each), agency agreements, insurance, international sale of goods, loan agreements, petroleum concession agreements, sale and purchase of shares, settlement agreements, subcontracting agreements, telecommunications and transfer of technology (1 case each).

The following pie shows a breakdown of the types of disputed contracts in 2013:

arbs4201302

The rich variety of the types of disputed contracts referred to CRCICA in 2013 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 2013, arbitration proceedings involved parties from different countries including Egypt, Saudi Arabia and Italy. CRCICA is pleased to see that in the fourth quarter of 2013, its Arbitration Rules have been referred to in contracts concluded between Saudi parties without any direct or indirect relationship with Egypt or Egyptian parties.

According to the statistics of 2013, parties from Saudi Arabia rank on top of the non-Egyptian parties referring their disputes to the Centre, followed by parties from Russia, Spain, Korea, Italy, Germany, UK, Ukraine and the British Virgin Islands.

The following pie shows a breakdown of the nationalities of non-Egyptian parties in 2013:

arbs4201303

According to the statistics of 2013, Lebanese and Emirati arbitrators rank on top of Arab arbitrators, while German arbitrators are the most frequently appointed non-Arab arbitrators, followed by Belgian, French, British, Swedish, Italian and American Arbitrators.

The following pie shows a breakdown of the nationalities of non-Egyptian arbitrators in 2013:

arbs4201304

 

It should be noted that 2013 witnessed the filing of two mediation cases under the auspices of the Centre one of which was amicably resolved, while the other is still pending. The Centre expects more mediation cases to be filed in 2014, especially after the enactment of the new Egyptian law on mediation.

 

 

 Posted in News
 Published on Dec 31 2013

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