CRCICACairo Regional Centre for International Commercial Arbitration (Egypt)
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He added that the CRCICA were found to be the lowest in terms of arbitration expenses, amounting to $3m compared to 18 other arbitration centres.
Similar to Article 30.4 of the CRCICA Rules, as a deterrent, if the party ordered to produce document fails to produce this document or did not raise an adequate objection, the Arbitral Tribunal may draw an adverse inference.
CBC filed a counterclaim before CRCICA against both Q-Soft and Bassem Youssef seeking a compensation of more than EGP 363 million for their non-compliance with the terms of the contract, their intentional failure to submit the scripts of the remaining episodes to the channels' administration, and their breach of the channels' content/screening policies.
The dispute was settled by an arbitral award rendered according to CRCICA rules in the case No 567/2008.
He told Daily News Egypt that the World Bank was about to finance electricity and energy projects in Egypt in 2012, sending a committee consisting of a number of experts to follow up on the performance of CRCICA for six months.
The report, the official said, came out positive and asserted that all the international measures adopted at CRCICA hold, stressing that there is no problem with conducting any arbitration inside Egypt.
In a similar context, the African Development Bank also observed CRCICA and sent a committee including a Swiss office and three other international centres.
Orange Egypt filed an arbitration suit against Etisalat Misr in front of CRCICA to compel the latter to pay interconnection variation fees.
According to its website, CRCICA is an independent non-profit international organisation established in Egypt in 1979.
40 of CRCICA's regulations QSoft will adhere to the secrecy of the trial."