Shalakany Successfully Represents their Client in Settling a Claim Worth More Than USD 40 Million with Egypt’s Largest Publicly Owned Hotel Property Owner
After initiating a claim worth more than USD 40 Million before the Cairo Regional Centre for International Commercial Arbitration (CRCICA), Shalakany has managed to secure a favorable settlement for their client. Shalakany represented their client in negotiations, discussions, talks, and meetings in order to achieve such a favorable outcome, preserving their client’s rights.
Dr. Moataz El Mahdy, Senior Partner and head of the Tourism and Hotels Department, said: “We are delighted to have secured such a favorable settlement, safeguarding our client’s rights in an amicable fashion. Given that the outcome will allow such a luxurious hotel to operate again after a very long time of closure, this settlement is not only a win for our client but also for the tourism industry in Egypt as a whole.”
Adam Khaled El Shalakany, Senior Partner, commented: “We are happy to have represented our client with regard to a dispute over one of the most authentic hotels in Egypt. An amicable settlement means a win-win situation for both parties. We always aim at securing the most favorable outcome for our clients.”