Shalakany Successfully Defends an Application for an Interim Measure Halting the Liquidation of On-Demand Bonds
Shalakany defended its client’s interests against the Application filed by the opposing party, and successfully obtained a favorable ruling from the Interim Court rejecting the Application. Therefore, we were able to confirm our client’s right to proceed with liquidating the total value of the relevant bonds.
The Application was filed by the opposing party in parallel with an ICC arbitration case in which Shalakany also defends its client’s interest and which is currently pending the issuance of an arbitration award by the ICC arbitral tribunal.
The Shalakany team handling this matter is comprised of Muhammad Ussama (Partner), Nadine Nassef (Associate), and Omar Hanafy (Associate).
Muhammad Ussama (Partner) leading the team working on the Applications for interim relief said: “We are happy to have secured this third win in a row in relation to the opposing party’s Applications for interim relief, and we look forward to crowning said wins with a win on the merits in the ICC Arbitration.”