A Madrid-seated tribunal has rejected a US$3.1 billion claim against Egypt’s state-owned gas supplier on the basis that the claimant, a joint venture between Spain’s Naturgy and Italy’s Eni, has already secured a US$2 billion ICSID award.

For more information, please see https://globalarbitrationreview.com/article/1214426/egyptian-state-entity-defeats-ususd3-billion-claim