Arbitral Digest

Matter

Southern Pacific Properties (Middle East) Limited and Southern Pacific Properties Limited v. Arab Republic of Egypt (ICSID Case No. ARB/84/3)

Case no.
ARB/84/3
Applicable rules
ICSID Arbitration Rules
  1. 27 November 1985Arbitration

    27 November 1985Arbitration

    Decision on Preliminary Objections to Jurisdiction dated 27 November 1985

    International Centre for Settlement of Investment Disputes

    Decision summary
    The Tribunal unanimously rejected specified objections to jurisdiction and stayed the remaining jurisdictional objections pending the final disposition by the French courts of concurrent ICC proceedings.

    Supporting details

    International Centre for Settlement of Investment Disputes

    2 years, 4 months and 18 days later · 869 days

  2. 14 April 1988Arbitration

    14 April 1988Arbitration

    Decision on Preliminary Objections to Jurisdiction dated 14 April 1988

    International Centre for Settlement of Investment Disputes

    Decision summary
    By majority, the Tribunal rejected the objection that Article 8 of Law No. 43 did not establish Egypt's consent to ICSID jurisdiction, rejected the claimants' submission concerning incorporation of findings by the ICC tribunal, and directed that the proceedings on the merits continue.

    Supporting details

    1 authority
    International Centre for Settlement of Investment Disputes

    Authorities cited

    1
    • Egyptian Law No. 43 of 1974 Concerning Arab and Foreign Funds and Free Zones (Law No. 43 of 1974)
      statute

    2 years, 9 months and 30 days later · 1035 days

  3. 13 February 1991Arbitration

    13 February 1991Arbitration

    Procedural Order dated 13 February 1991

    International Centre for Settlement of Investment Disputes

    Decision summary
    The Tribunal directed the claimants to provide information on the nature, dates, amounts, recipients, legitimacy, and project connection of development costs, and directed both parties to provide itemized lists of legal and accounting fees relating to the proceedings, followed by comments.

    Supporting details

    International Centre for Settlement of Investment Disputes

    1 year, 3 months and 7 days later · 462 days

  4. 20 May 1992Arbitration

    20 May 1992Arbitration

    Award on the Merits dated 20 May 1992

    International Centre for Settlement of Investment Disputes

    Decision summary
    By majority, the Tribunal awarded Southern Pacific Properties (Middle East) Limited and Southern Pacific Properties Limited US $27,661,000 jointly, dismissed the Arab Republic of Egypt's counterclaim, and ordered post-award interest at five percent per annum from 30 days after notification until payment. Upon payment, Egypt was to be released from further investment claims concerning the project, and the claimants' shareholding in the Egyptian Tourist Development Company was to be transferred to Egypt.

    Supporting details

    10 authorities · 19 participants
    Southern Pacific Properties (Middle East) Limited
    Southern Pacific Properties Limited
    Arab Republic of Egypt
    International Centre for Settlement of Investment Disputes
    Tribunal secretary
    Nassib G. Ziade
    Other

    Authorities cited

    10
    • Convention on the Settlement of Investment Disputes between States and Nationals of Other States (Washington Convention)
      convention
    • Egyptian Law No. 43 of 1974 Concerning Arab and Foreign Funds and Free Zones (Law No. 43 of 1974)
      statute
    • Convention Concerning the Protection of the World Cultural and Natural Heritage (UNESCO Convention of 1972)
      convention
    • Civil Code of Egypt
      statute
    • Egyptian Law No. 43 of 1974 Concerning the Investment of Arab and Foreign Funds and the Free Zones (Law No. 43 of 1974)
      statute
    • Egyptian Law No. 52 of 1940 Concerning the Division of Land for the Purpose of Building (Law No. 52 of 1940)
      statute
    • Certain German Interests in Polish Upper Silesia (P.C.I.J., Series A, No. 17 (1928))
      case-law
    • Amoco International Finance Corp. v. Iran (15 Iran-U.S. Claims Tribunal Reports 189)
      case-law
    • Phillips Petroleum Co. v. Iran (21 Iran-U.S. Claims Tribunal Reports 79)
      case-law
    • Aminoil v. Kuwait (Lloyd's Arbitration Reports (1988) 195)
      case-law
  5. 20 May 1992Arbitration

    20 May 1992Arbitration

    Dissenting Opinion attached to the Award dated 20 May 1992

    International Centre for Settlement of Investment Disputes

    Supporting details

    International Centre for Settlement of Investment Disputes

Matter record

Report a correction

Southern Pacific Properties (Middle East) Limited and Southern Pacific Properties Limited v. Arab Republic of Egypt (ICSID Case No. ARB/84/3) · Matter