Matouk Bassiouny - in Association with AIH law firm | View firm profile
We are pleased to announce that Matouk Bassiouny’s (“MB”) arbitration team secured a significant victory for one of Egypt’s largest companies providing offshore marine and oil support services.
The dispute arose out of a subcontract agreement for diving support vessel (“DSV”) subsea construction works related to a pipeline replacement project in the Kingdom of Saudi Arabia (“KSA”).
The arbitration case was brought under the rules of the DIFC-LCIA and governed by Saudi law against a listed Asian company specializing in engineering design of offshore oil and natural gas development projects, represented by an international law firm.
Following extensive proceedings and multiple phases of pleadings, in addition to several witnesses and experts’ evidence, the Tribunal issued its award granting our client its declaratory claims in addition to an entitlement of more than USD 6 million as well as arbitration costs. The Tribunal has further dismissed all counterclaims brought against our client exceeding USD 77 million.
The team that secured this remarkable win consisted of Dr. Amr A. Abbas (Partner and Regional Head of Arbitration and Co-Head of Competition), Mohamed Sallam (Counsel), Mohamed Samy (Counsel), Khaled Abuo El Wafa (Senior Associate), Maha Zain (Senior Associate), Hany Omran (Associate) and Eman Hussein (Associate).
Dr. Abbas commented: “This important result for our client— in a high-stakes dispute that included complex technical and legal issues—reflects our team’s expertise and unwavering commitment to delivering strategic, high-quality representation. This victory is a further testament to our regional expertise in handling complex disputes governed by different laws in the region, after having already secured arbitral wins over the past year under Lebanese, Qatari, Omani, and UAE laws.”
For more about Matouk Bassiouny, check out our website at https://matoukbassiouny.com/.