An entity owned by Abu Dhabi’s royal family has been awarded over US$228 million plus interest and costs in an ICSID claim against Algeria over a failed project to develop a metropolitan park – as a dissenting arbitrator argues the case should have been rejected based on evidence of malfeasance.
For more information, please see https://globalarbitrationreview.com/article/emirati-investor-wins-damages-over-algerian-park-project
