The total number of arbitration cases filed before CRCICA until 30 June 2015 reached 1042 cases. In the second quarter of 2015, 12 new arbitration cases were filed.
CRCICA’s caseload in the second quarter of 2015 involved disputes relating to Media and Entertainment, Construction, Sale and Purchase of Shares, Real Estate, Hotel Management and Telecommunications.
Media and Entertainment cases rank on top of the cases filed during the second quarter of 2015 with four cases, two of which are related to exclusive advertising concession agreements. The first agreement is concluded between a well-known television satellite channel and an advertising agency, while the second agreement involves an advertising agency and a production company. The third Media and Entertainment case relates to a contract concluded between a television satellite channel and a television presenter. The fourth case relates to a license agreement over the broadcasting rights of a television series.
Three cases arising out of construction contracts were filed in the second quarter of 2015. The first construction case related to the construction, finishing and electrical works of a factory in Six October City, Giza, Egypt. The second construction case relates to the civil works of a thermal power plant in Suez, Egypt. The third construction case relates to building and operating the parking area of the Hurghada International Airport, Red Sea, Egypt.
Two cases arising of Sale and Purchase of Shares Agreements were also filed during the second quarter of 2015. The first case relates to 100% share purchase of a leading Egyptian diversified food conglomerate. The second case relates to a final agreement for the sale of a well-known plastic group company.
A case arising out of a management agreement of a hotel located in Taba, Red Sea, Egypt was also registered in the second quarter of 2015. A telecommunications case was filed with respect to a Loyalty Points Management Agreement. One real estate case was also filed regarding the establishment of touristic project in Hurghada, Red Sea, Egypt.
The second quarter of 2015 witnessed the filing of a counterclaim in a case already registered under the auspices of the Centre. The aggregate sum in dispute after taking into account the counterclaim and the revised main claim reached US $ 3,972,054,058 (Approx. EGP 30,806,933,504), which is a new record for the sums in dispute brought before the Centre.
The following pie shows a breakdown of the types of disputed contracts during the second quarter of 2015:
The rich variety of the types of disputed contracts referred to CRCICA in the second quarter of 2015 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 second quarter of 2015, arbitration proceedings involved parties from different countries including Egypt, Lebanon, British Virgin Islands, USA, and Taiwan. CRCICA is satisfied to see that its Arbitration Rules have recently been selected by parties from the Middle East, Asia and the USA.
The following pie shows a breakdown of the nationalities of non-Egyptian parties during the second quarter of 2015:
The second quarter of 2015 witnessed the appointment of arbitrators coming from Egypt, the UK, France, and Germany.
The following pie shows a breakdown of the nationalities of non-Egyptian arbitrators during the second quarter of 2015:
