Matouk Bassiouny Secures EUR 2.1 Million Arbitration Award Under DIAC Rules

Matouk Bassiouny Secures EUR 2.1 Million Arbitration Award Under DIAC Rules

The leading full-service MENA (Middle East and North Africa) law firm, Matouk Bassiouny has successfully secured a favourable arbitral award for a major Egyptian pharmaceutical company, acting as an agent and distributor for several international pharmaceutical companies. The victory underscores the firm’s strength in handling complex cross-border arbitration matters.

Background of the Dispute

The dispute arose out of a long-term contractual relationship concerning the promotion and distribution of pharmaceutical products for a leading European pharmaceutical company.

The arbitration was conducted under the Dubai International Arbitration Centre (DIAC) Rules, with its seat in Dubai, UAE, and governed by German law.

Arbitral Proceedings

Following complex arbitral proceedings, including the cross-examination of multiple witnesses, the Tribunal carefully examined the contractual framework and factual matrix of the dispute. The Tribunal issued an award in favour of the client, granting approximately EUR 2.1 million.

Team

The matter was led by Dr Ahmed Abdelhakeem (Partner), along with Khaled Abouelwafa (Senior Associate) and Mohamed Abdelkhalek (Associate). The team also worked closely with Oliver Korte, Helena Thiel, and Christopher D. Harten of ADVANT Beiten for their valuable support on German law issues.

Conclusion

This outcome highlights Matouk Bassiouny’s expertise in international arbitration and its ability to successfully navigate multi-jurisdictional legal frameworks, delivering strong results for clients in high-value commercial disputes.

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