June 1, 2022
Shalakany Secures a CRCICA Arbitration Win for its Client
Shalakany is proud to announce that its Disputes’ team has successfully secured an important arbitration win for its client, a leading Egyptian company that specializes in the construction of industrial works and in delivering high-quality industrial plants. The dispute relates to the construction of a chemical plant located in El Beheira governorate for the production of high-grade materials and chemicals.
The Arbitral Tribunal unanimously issued its award granting our Client the majority of its claims in the Arbitration, thus, granting our Client over EGP 90 million in compensation, plus interest. It was a CRCICA arbitration, with a three-membered arbitral tribunal consisting of engineers and dealt with many technical issues including inflation and delay claims.
The team who handled the arbitration consists of Adam El Shalakany (Senior Partner), Muhammad Ussama (Partner), Yasmine El Menshawy (Associate), Mohamed El Zoheiry (Associate), Nadine Nassef (Associate), and Farida Hegazy (Associate).
Adam El Shalakany, Senior Partner leading the Disputes’ team working on the Arbitration, said: “We are always happy to get a win for our client and see our hard work translated into success.”
Muhammad Ussama, Partner, commented: “Construction disputes are quite complex, involve various technical elements, and, to succeed, require the adoption and implementation of a scientific approach. We are happy to see the fruit of our hard work and extensive efforts finally crystalize in this beautifully carved image.”
The Arbitral Tribunal unanimously issued its award granting our Client the majority of its claims in the Arbitration, thus, granting our Client over EGP 90 million in compensation, plus interest. It was a CRCICA arbitration, with a three-membered arbitral tribunal consisting of engineers and dealt with many technical issues including inflation and delay claims.
The team who handled the arbitration consists of Adam El Shalakany (Senior Partner), Muhammad Ussama (Partner), Yasmine El Menshawy (Associate), Mohamed El Zoheiry (Associate), Nadine Nassef (Associate), and Farida Hegazy (Associate).
Adam El Shalakany, Senior Partner leading the Disputes’ team working on the Arbitration, said: “We are always happy to get a win for our client and see our hard work translated into success.”
Muhammad Ussama, Partner, commented: “Construction disputes are quite complex, involve various technical elements, and, to succeed, require the adoption and implementation of a scientific approach. We are happy to see the fruit of our hard work and extensive efforts finally crystalize in this beautifully carved image.”
