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A Real Estate Empire Turns to ICSID
Al Habtoor Group's $1.7 billion claim against Lebanon, and what it says about arbitrating a banking crisis. Background Dubai-based Al Habtoor Group, one of the United Arab Emirates' larger diversified conglomerates with interests spanning hospitality, automotive, real estate and education, has formally filed a Request for Arbitration with ICSID against the Lebanese Republic. The claim proceeds under the UAE–Lebanon bilateral investment treaty, in force since 1999, and follows
Aişe Gül Akkoyun
Apr 24
Legal developments, read as data
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