Chaymaa Shady

Lawyers

Senior associate
Paris

cshady@gbsdisputes.com
+33 6 17 29 81 09

Chaymaa Shady is a senior associate at Gaillard Banifatemi Shelbaya Disputes.

Her experience includes international arbitrations conducted under ICC, ICSID and CRCICA Rules, with a focus on energy disputes and disputes related to the Middle East.

INCLUDES REPRESENTATION OF:

The Arab Republic of Egypt, Respondent in a UNCITRAL arbitration initiated by four Middle Eastern investors in connection with the alleged violation of the Organization of the Islamic Conference (OIC) agreement. The dispute arises from the alleged expropriation and mistreatment of investments in major commercial and touristic real estate projects in Egypt. USD 52 billion is at stake. We succeeded in obtaining the summary dismissal of claims totalling USD 30 billion with the remaining claims now being briefed by the parties on the merits.
Advising a Middle Eastern national oil and gas company in three disputes (and associated negotiation) with a major international oil company relating, respectively, to the review of the price applicable under a long-term natural gas supply agreement, the correct invoicing procedure under that agreement, and the allocation of gas between the partners. The law of the Middle Eastern State applies. Over USD 2 billion is at stake.
A State in two parallel investment arbitrations arising in respect of a concession for the creation and operation of a natural gas distribution network.
A State, Respondent in an arbitration under the UNCITRAL Rules, administered by the Permanent Court of Arbitration, in relation to a petrochemical plant. Over USD 2 billion was at stake. A settlement for less than ten percent of the claim was achieved.
An African petrochemical company in an ICC arbitration with a North American company. The dispute arose from a Marketing and Off-Take Agreement governed by English law. Over USD 170 million was at stake.
The Arab Republic of Egypt, Respondent in an ICSID arbitration brought against it by Tantalum International, Ltd. and Emerge Gaming, Ltd. under the Egypt-Australia bilateral investment treaty. The dispute concerned two mining projects.
A natural gas seller in an ICC arbitration in Paris and in two CRCICA arbitrations in Cairo and Madrid initiated by the buyer and owner of a liquefaction plant. The arbitrations, which involved claims in excess of USD 4 billion, arose under a tolling agreement governed by English law and a related long-term gas supply agreement governed by Egyptian law. In a precedent-setting award on the English law of assignment, the ICC Tribunal dismissed the USD 300 million claim brought against our client. In another ground-breaking decision on the application of the ICSID Convention, the Madrid-seated Tribunal equally dismissed the entirety of the USD 3.6 billion claim brought against our client. Finally, in the Cairo-seated CRCICA arbitration, the Tribunal dismissed the USD 10 million claim brought against our client.
The People’s Democratic Republic of Algeria, Respondent in an ICSID arbitration initiated by Orascom TMT Investments S.à.r.l. (ICSID Case No. ARB/12/35). The dispute related to alleged breaches of the bilateral investment treaty between Algeria and the Belgium-Luxembourg Economic Union in relation to the operation of a mobile telephone company in Algeria. The USD 4 billion claim brought against our client was dismissed in its entirety.

Advisory work

Representing the Arab Republic of Egypt in the negotiation of a Memorandum of Understanding with inter alia the European Union regarding exports of East Mediterranean natural gas into the EU.
Representing an energy company in (i) the negotiation and drafting of agreements/treaties for the import of gas produced in Eastern Mediterranean gas fields, its transportation through a network of marine pipelines to be created, its treatment and liquefaction and its export as LNG and (ii) the settlement of associated disputes between LNG buyers and the energy company.
Advising a State-owned entity in the Arabian Gulf regarding the modernization of the group’s corporate structure to mitigate litigation risk.

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Chaymaa Shady

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