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ICSID - International Centre for Settlement of Investment Disputes

12/06/2019 | Press release | Distributed by Public on 12/06/2019 16:38

Petroceltic Holdings Limited and Petroceltic Resources Limited v. Arab Republic of Egypt (ICSID Case No. ARB/19/7)

  • Subject of Dispute:
    Hydrocarbon concession
  • Economic Sector:
    Oil, Gas & Mining
  • Instrument(s) Invoked: i
    BIT Egypt, Arab Republic of - United Kingdom of Great Britain and Northern Ireland 1975
  • Applicable Rules:
    ICSID Convention - Arbitration Rules
  • (a)Original Proceeding
    • Claimant(s)/Nationality(ies): i
      Petroceltic Holdings Limited and Petroceltic Resources Limited (British)
    • Respondent(s):
      Arab Republic of Egypt (Egyptian)
    • Date Registered:
      April 4, 2019
    • Date of Constitution of Tribunal:
      December 6, 2019
      • Composition of Tribunal
      • President:
        Ian BINNIE (Canadian) - Appointed by the Parties
      • Arbitrators:
        Charles PONCET (Swiss) - Appointed by the Claimant(s)
        Brigitte STERN (French) - Appointed by the Respondent(s)
      • Party Representatives
      • Claimant(s):

        Thompson & Knight, Dallas, TX, U.S.A.

        Respondent(s):

        Egyptian State Lawsuits Authority, Giza, Arab Republic of Egypt

      • Status of Proceeding:
        Pending
      • Latest Development:
        December 6, 2019 - The Tribunal is constituted in accordance with Article 37(2)(b) of the ICSID Convention. Its members are: Ian Binnie (Canadian), President, appointed by agreement of the parties; Charles Poncet (Swiss), appointed by the Claimants; and Brigitte Stern (French), appointed by the Respondent.