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Monday, 29 June 2020

Egypt court rules in favor Amer Group, Porto Group in Antaradous dispute

DISPUTE WATCH- Court rules in favor Amer Group, Porto Group in Antaradous dispute: The North Cairo Court has turned down claim for compensation lodged by Syria’s Antaradous for Touristic Development against Mansour Amer and his two holding companies, Amer Group and Porto Group, the defendants said (pdf). Arbitrators had originally ruled in Amer’s favor, but the Syria based company decided to pursue the case in court.. The dispute dates back to 2008 when the parties entered into a partnership to develop a Porto-style project in the coastal city of Tartous.

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