Rizkana and Partners arbitration team successfully defends a major financial institution in a multimillion dollar claim!

R&P represent ed a major financial institution in parallel arbitral proceedings, seated in Cairo, under the rules of the Cairo Regional Centre for International Commercial Arbitration (CRCICA). The dispute arose out of a tri-party escrow agreement. The claimant purported that our client committed gross negligence. The arbitral tribunal rejected these claims. This favorable award cements our client’s position in the other pending arbitral proceeding. The amount in dispute for this matter is valued at USD 100 million. The team was led by our Managing Partner, Hazim Rizkana, Managing Associate, Ahmed Sallam and Associate, Youssef Rizkana. Congratulations to all!