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Union Fenosa Gas v. Egypt

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Case Details

Year of Filing: 2014

Claimant(s): Union Fenosa Gas S.A.

Respondent(s): Arab Republic of Egypt

Arbitral Rules: ICSID

Legal Instrument: Treaty

Treaty: Egypt-Spain BIT

Administrative Case Number: ARB/14/4

Arbitral Tribunal

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Major Developments

Key Decision:

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Counsel

Counsel for Claimant:

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Counsel for Respondent:

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Prior IAReporter Coverage of Union Fenosa Gas v. Egypt

Three are named to review $2 billion BIT Union Fenosa Gas award against Egypt Apr 24, 2019
Union Fenosa v. Egypt: in now-surfaced award, tribunal dismisses necessity defence and sees no abuse in investor pursuit of multiple arbitrations Oct 22, 2018
Analysis: tribunal fractures on whether corruption was at root of foreign investor’s hiring of local agent who enjoyed “influence” over key government officials Oct 22, 2018
ICSID tribunals hearing separate Egyptian gas cases adopt diverging holdings on attribution question and on BIT-compatibility of revocation of tax-free status Oct 22, 2018
Arbitrators finalized in three proceedings: Bear Creek v. Peru, Krederi v. Ukraine and Unión Fenosa Gas, S.A. v. Egypt Dec 10, 2014
Egyptian LNG dispute lands at ICSID; cancelled licenses in Gambia open door to arbitrations, including by investor previously at odds with Sierra Leone Mar 25, 2014