Cairo, Egypt – Shalakany is pleased to announce the full execution of the terms of a settlement concerning the amicable enforcement of a CRCICA arbitral award rendered in favor of its client, a leading multi-national company in the hotels and tourism industry, with a multi-million USD in compensation. The settlement came as a final step after Shalakany successfully represented the client in its dispute with an Egyptian company concerning a hotel management contract and took legal action for the enforcement of the favorable arbitral award.
Dr. Khaled El Shalakany, Senior and Managing Partner, said: “We are pleased to have successfully and swiftly secured our client’s full rights under the settlement agreement in an amicable manner.”
