{"id":3881,"date":"2022-03-23T11:25:48","date_gmt":"2022-03-23T11:25:48","guid":{"rendered":"https:\/\/bk.shalakany.ae\/?p=3881"},"modified":"2023-08-17T11:26:23","modified_gmt":"2023-08-17T11:26:23","slug":"favorable-court-of-appeal-ruling-in-multi-million-dollar-insurance-dispute","status":"publish","type":"post","link":"https:\/\/shalakany.com\/fr\/favorable-court-of-appeal-ruling-in-multi-million-dollar-insurance-dispute\/","title":{"rendered":"Favorable Court of Appeal Ruling in Multi-Million-Dollar Insurance Dispute"},"content":{"rendered":"<p>After securing a positive outcome for a leading insurance company in Egypt in previous appeals and cassation proceedings for a dispute going back to 2018, Shalakany is pleased to announce that the Cairo Appeal Court has, once again, decided on the merits of the dispute and rejected the claim brought forward against Shalakany\u2019s client in its entirety. This marks Shalakany\u2019s\u00a0<em>fourth<\/em>\u00a0consecutive win for our client in relation to this insurance dispute which saw the Client\u2019s exposure decrease from a multi-million USD exposure to about EGP 5 million and eventually to \u00a0zero.<\/p>\n<p><strong>Muhammad Ussama<\/strong>, the Partner leading the disputes\u2019 team working on the case, said: \u201cWe are delighted to have secured this positive outcome for our client who is now relieved that it can write this potential liability off its books and allocate the reserves for business expansion plans.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>After securing a positive outcome for a leading insurance company in Egypt in previous appeals and cassation proceedings for a dispute going back to 2018, Shalakany is pleased to announce that the Cairo Appeal Court has, once again, decided on the merits of the dispute and rejected the claim brought forward against Shalakany\u2019s client in 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