11 July 2014

Egypt: Mahlab Probes Amicable Settlement of Disputes With Investors

Date of publication:Friday, 11 July 2014

Prime Minister Ibrahim Mahlab held a meeting on Thursday to discuss the heavy file of Egypt's disputes with some investors and ways of settling them amicably instead of resorting to international arbitration.

The meeting was held with the ministers of justice, transitional justice, investment, and international cooperation, as well as the assistant minister of justice for legislation and representatives of the State Litigation Authority.

A statement by the Cabinet said that the government wants to send a message that Egypt desires to encourage investment and create a healthy business climate and is ready to settle all disputes with serious investors in a way that preserves the rights of both the State and the investors themselves.

The premier instructed the formation of a ministerial committee involving all those present at today's meeting to handle all complaints or lawsuits filed by investors against Egypt with international arbitration tribunals or with the Egyptian courts to resolve them in accordance with the provisions of the law.

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