MBH secures arbital award of more than EGP 85 million for Hassan Allam Construction

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MBH secures arbital award of more than EGP 85 million for Hassan Allam Construction

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MBH secures arbital award of more than EGP 85 million for Hassan Allam Construction

Matouk Bassiouny & Hennawy (“MBH”) has achieved a significant victory for H.A Construction (Hassan Allam Construction or HAC) in a dispute arising out of HAC’s undertaking the entire civil works of a fully integrated complex for manufacturing sugar. The CRCICA arbitration case was filed by H.A Construction against the employer.

The Tribunal has unanimously awarded H.A Construction a sum in excess of EGP 85 million covering the main claims, arbitration costs and legal fees, as well as legal interest. The Tribunal has further dismissed all counterclaims against H.A Construction amounting to more than EGP 40 Million.

Dr. Amr A. Abbas, Partner and Head of Arbitration, commented: “This victory again shows our arbitration team’s ability and skills in construction disputes that have led to this rightful result to our client.”

The arbitration team who handled this case consists of Amr A. Abbas, Mohamed Sallam (Counsel), Lokmen Kassim (Associate), and Maha Zain (Associate) in coordination with Tamer El Hennawy (Partner and Co-Head of Capital Markets and Corporate and M&A).

On this occasion, we would like to congratulate and thank our colleagues at HAC: Mr. Hassan Allam, Mr. Amr El Samahi, Mr. Mohey Ahmed, Mr. Ibrahim Tawfik, Mr. Mohamed Mamdouh, Mr. Ashraf Mohamed and Mr. Ahmed Gamal.

 

Contact us:

Matouk Bassiouny & Hennawy

12 Mohamed Ali Genah

Garden City, Cairo, Egypt

T +(202) 2796 2042

F +(202 2795 4221

info@matoukbassiouny.com

www.matoukbassiouny.com

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