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Monday, 12 February 2018

Appellate court rejects appeal by Golden Pyramids Plaza against arbitration case with OCI

A Court of Appeals rejected another appeal filed by Golden Pyramids Plaza against a court of arbitration ruling from March 2015, which ordered Golden Pyramids to pay Orascom Construction Industries (OCI) and Consolidated Contractors International EGP 260.8 mn and USD 43.4 mn plus interest, Golden Pyramids said in a bourse filing on Sunday (pdf). The company’s appeals had been rejected numerous times, including back in July 2017.

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