Mohamed Bahgat seeks to recover $115 million in Cairo dispute
After winning a European arbitration in an expropriation case, the Egyptian-born Finnish investor is seeking confirmation and enforcement of the judgment in a US court.
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▪ Mohamed Bahgat seeks to recover $115 million in Cairo dispute
▪ After winning a European arbitration in an expropriation case, the Egyptian-born Finnish investor is seeking confirmation and enforcement of the judgment in a US court.
▪ https://www.africabusinessplus.com/en/808418/mohamed-bahgat-seeks-to-recover-115-million-in-cairo-dispute/
Although Egypt has been actively involved in the arbitration process, which has lasted more than eight years, the authorities are still refusing to pay the compensation awarded in 2019 and have not followed up on the complaint filed with a US court.
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