International Tribunal Awards Eastern Mediterranean Gas Co. $324 Million

(December 11, 2015, 2:08 PM EST) -- GENEVA — A law firm on Dec. 8 announced that a tribunal for the International Chamber of Commerce (ICC), International Court of Arbitration has issued a decision in arbitration between a Mediterranean gas company and two Egyptian entities, awarding the company $324 million.

Freshfields Bruckhaus Deringer said in a news release that the ICC issued an award in favor of its client East Mediterranean Gas (EMG) and against Egyptian General Petroleum Corp. (EGPC) and Egyptian Natural Gas Holding Co. (EGAS) on Dec. 4.

Award

EMG commenced...
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