An ICSID annulment committee has dismissed a bid by a company managed by Egyptian billionaire Naguib Sawiris to revive its US$4 billion ICSID claim against Algeria, ruling the tribunal had been justified when it found the case was an abuse of rights.

For more information, please see https://globalarbitrationreview.com/article/1232721/algeria-defeats-bid-to-revive-%E2%80%9Cabusive%E2%80%9D-multibillion-claim