Tags: World Bank

30 Sep 2018

Egypt was hit with the biggest fine in its history when the ICSID ruled on September 3, 2018 that Egypt was liable for compensation of $2 billion to Union Fenosa, as damages for the 2014 government’s failure to provide gas to the company during the energy crisis in Egypt.

Press Release25 Mar 2018

EIPR sees this judgment as justice for the complainants and a recognition of their rights to health and environmental safety. The judgment is particularly important because current environmental laws and regulations allow heavy polluting industries such as cement and coal-powered plants to operate in residential areas.