Cookies Policy
X

This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies.

I accept this policy

Find out more here

Introduction to Investor-state Arbitration. A Case Study: Wena Hotels Limited (Wena) v. Arab Republic of Egypt

Brill’s MyBook program is exclusively available on BrillOnline Books and Journals. Students and scholars affiliated with an institution that has purchased a Brill E-Book on the BrillOnline platform automatically have access to the MyBook option for the title(s) acquired by the Library. Brill MyBook is a print-on-demand paperback copy which is sold at a favorably uniform low price.

Access this chapter

+ Tax (if applicable)

Chapter Summary

In the course of the last five decades, States have entered into several thousand bilateral, and a few multilateral, treaties to promote and protect investments made by private investors of a State party in the territory of another State party. Wena Hotels Ltd. (Wena), a British company owned by Mr. Farargy, an Egyptian national, signed two long-term leases with the Egyptian Hotels Company (EHC), an Egyptian public sector company, to operate and develop two existing hotels in Luxor and Cairo. Wena instituted arbitration proceedings under International Centre for the Settlement of Investment Disputes (ICSID) rules and under the Bilateral Investment Treaty (BIT) between Egypt and the United Kingdom. Investment arbitration between investors and States raises sensitive issues related to the authority of the State and public policy. ICSID itself proposed recently an appeal mechanism as part of a general proposal to improve the ICSID arbitration framework.

Keywords: Bilateral Investment Treaty (BIT); Egyptian Hotels Company (EHC); ICSID; investment arbitration; State party; Wena Hotels Ltd. (Wena)

10.1163/ej.9789004154261.i-689.50
/content/books/10.1163/ej.9789004154261.i-689.50
dcterms_subject,pub_keyword
6
3
Loading

Sign-in

Can't access your account?
  • Tools

  • Add to Favorites
  • Printable version
  • Email this page
  • Recommend to your library

    You must fill out fields marked with: *

    Librarian details
    Your details
    Why are you recommending this title?
    Select reason:
     
    The Legal Practice in International Law and European Community Law — Recommend this title to your library
  • Export citations
  • Key

  • Full access
  • Open Access
  • Partial/No accessInformation