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Tag: Shearman & Sterling

ICC tribunal assignment spells success for Egyptian EGAS

Posted: June 18, 2016 at 5:08 pm   /   Oil & Gas

An ICC tribunal has rejected claims for contractual penalties worth more than US$270 million plus interest against Egypt’s state-owned natural gas supplier EGAS, finding that the claimant had assigned all its rights under a gas supply contract to a third party. Counsel to EGAS, Shearman & Sterling, reports that a tribunal composed of David St […]

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Shearman & Sterling achieves significant victory for EGAS

Posted: June 16, 2016 at 9:00 pm   /   Oil & Gas

Shearman & Sterling has achieved a significant victory on behalf of its client, Egyptian Natural Gas Holding Company (“EGAS”), in a legal battle lasting more than three years. On May 24, 2016, an arbitral tribunal comprised of leading international arbitrators David St. John Sutton (Chairman), Klaus Reichert SC and Professor Laurent Aynès issued an award […]

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