Owner Of Ship Building Group Files ICSID Case Against Hellenic Republic

(June 22, 2016, 2:23 PM EDT) -- BEIRUT — A co-owner of a ship building group on June 22 announced that he has commenced international arbitration against the Hellenic Republic (Greece), asserting claims for violation of a bilateral investment treaty.

Iskandar Safa said in a news release that he has submitted a request for arbitration against the Hellenic Republic with the International Centre for Settlement of Investment Disputes (ICSID). Safa is a co-owner of the Privinvest Group, a global player in the ship building industry, which took control of Hellenic Shipyards SA (HSY)...
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