Public Policy and Foreign Currency in Arbitration: A Misguided Annulment by the Egyptian Court of Cassation
Background In a recent landmark decision, the Egyptian Court of Cassation (Cases Nos. 32779 & 32790/93J) annulled an arbitral award issued by the Cairo Regional Centre for International Commercial Arbitration (CRCICA). This was on the grounds of violation of public policy, highlighting the intersection between public policy and foreign currency reliance. The arbitral award (Case […]