Summary

Source: icsid.worldbank.org (Document, does not apply to summary and/or TDM IACL Case Report below).

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Case Report (free download)

Case Report by Louis Christe, Editor Ignacio Torterola

Summary

A division of the French multinational Veolia filed ICSID arbitration against the Arab Republic of Egypt alleging various violations of the France-Egypt BIT in relation with disagreements over the performance of waste management services performed by Veolia's local subsidiary for the Governorate of Alexandria.

Main issues

To which extent the fair and equitable treatment standard and the prohibition on uncompensated expropriations protects the investor in the context of alleged contractual breaches committed by the host State, including the host State's refusal to modify the contract in response to inflation and enactment of new labor legislation.

Veolia Propreté v. Arab Republic of Egypt (ICSID Case No. ARB/12/15) - Award - 25 May 2018

Case report provided by International Arbitration Case Law (IACL)

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