1998
Wena Hotels v. Egypt Wena Hotels Ltd. v. Arab Republic of Egypt (ICSID Case No. ARB/98/4)
Egypt
United Kingdom
Rights under two long-term hotel lease and development agreements concluded with a company wholly owned by the Egyptian Government.
Claims arising out of the alleged breach of agreements to develop and manage two hotels in Luxor and Cairo, Egypt, as well as an alleged campaign of continual harassment to the investor by the Government of Egypt.
Tertiary: L - Real estate activities
68 - Real estate activities
ICSID (International Centre for Settlement of Investment Disputes)
ICSID (International Centre for Settlement of Investment Disputes)
Leigh, M.
Fadlallah, I.
Wallace, D. Jr.
Hoellering, M. F. (replaced)
Haddad, H. A. (replaced)
Decided in favour of investor
Decision on Jurisdiction dated 29 June 1999
62.80 mln USD
8.00 mln USD (8.00 mln USD)
Indirect expropriation

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

Full protection and security, or similar
Indirect expropriation

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

Full protection and security, or similar
ICSID annulment proceedings
ICSID annulment proceedings
Award/decision upheld
Kerameus, K. D. (President)

Bucher, A. (Member)

Orrego Vicuña, F. (Member)