Joy Mining v. Egypt Joy Mining Machinery Limited v. Arab Republic of Egypt (ICSID Case No. ARB/03/11)
United Kingdom
Rights under a contract for supply of phosphate mining equipment concluded with an Egyptian State enterprise.
Claims arising out of the investor's supply of two sets of phosphate mining equipment to an Egyptian State enterprise, IMC, for a project in Egypt under a contract requiring the claimant to put in place letters of guarantee, including allegations that the equipment was paid but the relevant guarantees were never released.
Primary: B - Mining and quarrying
8 - Other mining and quarrying
ICSID (International Centre for Settlement of Investment Disputes)
ICSID (International Centre for Settlement of Investment Disputes)
Orrego Vicuña, F.
Craig, W. L.
Weeramantry, C. G.
Decided in favour of State
2.50 mln GBP (4.50 mln USD)
Data not available
Indirect expropriation

Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims

Full protection and security, or similar

Transfer of funds

Arbitrary, unreasonable and/or discriminatory measures
None - jurisdiction declined
ICSID annulment proceedings
ICSID annulment proceedings
Dimolitsa, A. (President)

Hwang, M. (Member)

Shaw, J. L. (Member)