Arbitral Digest

Matter

Petroceltic Holdings Limited and Petroceltic Resources Limited v. Arab Republic of Egypt (ICSID Case No. ARB/19/7)

Case no.
ARB/19/7
Applicable rules
ICSID Arbitration Rules · ICSID Institution Rules
  1. 15 September 2020Arbitration

    15 September 2020Arbitration

    Order Taking Note of the Discontinuance of the Proceeding

    International Centre for Settlement of Investment Disputes

    Decision summary
    The Tribunal took note of the discontinuance of the proceeding pursuant to ICSID Arbitration Rule 43(1) after the Parties requested discontinuance following a settlement agreement. The Claimants agreed to bear all costs of the arbitration.

    Supporting details

    1 authority · 21 participants
    Petroceltic Holdings Limited
    Representative
    Andrew B. Derman (For: Petroceltic Holdings Limited · Petroceltic Resources Limited)
    Representative
    Andrew Melsheimer (For: Petroceltic Holdings Limited · Petroceltic Resources Limited)
    Representative
    TJ Auner (For: Petroceltic Holdings Limited · Petroceltic Resources Limited)
    Representative
    Thompson & Knight LLP (For: Petroceltic Holdings Limited · Petroceltic Resources Limited)
    Petroceltic Resources Limited
    Representative
    Andrew B. Derman (For: Petroceltic Holdings Limited · Petroceltic Resources Limited)
    Representative
    Andrew Melsheimer (For: Petroceltic Holdings Limited · Petroceltic Resources Limited)
    Representative
    TJ Auner (For: Petroceltic Holdings Limited · Petroceltic Resources Limited)
    Representative
    Thompson & Knight LLP (For: Petroceltic Holdings Limited · Petroceltic Resources Limited)
    Arab Republic of Egypt
    Representative
    Abdelhamid Elnagashy (For: Arab Republic of Egypt)
    Representative
    Fatma Khalifa (For: Arab Republic of Egypt)
    Representative
    Razan Abou Zaid (For: Arab Republic of Egypt)
    Representative
    Lela Kassem (For: Arab Republic of Egypt)
    Representative
    Mohamed H. Negm (For: Arab Republic of Egypt)
    Representative
    Nada Elkashef (For: Arab Republic of Egypt)
    Representative
    Yousra Mohamed (For: Arab Republic of Egypt)
    Representative
    Ebtehal Ahmed (For: Arab Republic of Egypt)
    Representative
    Egyptian State Lawsuits Authority (For: Arab Republic of Egypt)
    International Centre for Settlement of Investment Disputes
    Arbitrator
    Ian Binnie
    Arbitrator
    Brigitte Stern
    Arbitrator
    Charles Poncet
    Tribunal secretary
    Aissatou Diop

    Authorities cited

    1
    • Convention on the Settlement of Investment Disputes Between States and Nationals of Other States
      treaty

Matter record

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Petroceltic Holdings Limited and Petroceltic Resources Limited v. Arab Republic of Egypt (ICSID Case No. ARB/19/7) · Matter