The Awards in Wena Hotels Limited v. Arab Republic of Egypt

In The Reasons Requirement in International Investment Arbitration: Critical Case Studies, W. Michael Reisman & Guillermo Aguilar-Alvarez, eds., (Martinus Nijhoff, Leiden 2008), ch. 8

16 Pages Posted: 25 May 2012

See all articles by Julie A. Maupin

Julie A. Maupin

Max Planck Institute for Comparative Public Law & International Law; Centre for International Governance Innovation

Date Written: March 24, 2008

Abstract

Both the original arbitral tribunal and the ad hoc annulment committee in the case of Wena v. Egypt failed to respect the ICSID Convention’s article 48 requirement to state the reasons upon which an investor-state arbitration award is based. This chapter demonstrates how these failures led to further disputes and unsatisfactory outcomes for the disputing parties. It argues that a stricter adherence to the Convention's reasons requirement would better fulfill the objectives of the international investment law regime for both states and investors.

Keywords: ICSID, annulment, reasons requirement, investment dispute, investor-state arbitration, bilateral investment treaties, Wena, Egypt

Suggested Citation

Maupin, Julie A., The Awards in Wena Hotels Limited v. Arab Republic of Egypt (March 24, 2008). In The Reasons Requirement in International Investment Arbitration: Critical Case Studies, W. Michael Reisman & Guillermo Aguilar-Alvarez, eds., (Martinus Nijhoff, Leiden 2008), ch. 8, Available at SSRN: https://ssrn.com/abstract=2065906

Julie A. Maupin (Contact Author)

Max Planck Institute for Comparative Public Law & International Law ( email )

Im Neuenheimer Feld 535
69120 Heidelberg, 69120
Germany
+49 6221 482 355 (Phone)

HOME PAGE: http://www.mpil.de/en/pub/institute/personnel/academic-staff/jmaupin.cfm

Centre for International Governance Innovation ( email )

57 Erb Street West
Waterloo, Ontario N2L 6C2
Canada

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