{"id":3485,"date":"2022-12-12T15:12:40","date_gmt":"2022-12-12T15:12:40","guid":{"rendered":"https:\/\/riad-riad.com\/?p=3485"},"modified":"2022-12-12T15:14:01","modified_gmt":"2022-12-12T15:14:01","slug":"riad-riad-closes-a-settlement-of-e-40-million-construction-diac-arbitration-case","status":"publish","type":"post","link":"https:\/\/riad-riad.com\/riad-riad-closes-a-settlement-of-e-40-million-construction-diac-arbitration-case\/","title":{"rendered":"Riad &amp; Riad Closes a Settlement of \u20ac 40 Million Construction DIAC Arbitration Case"},"content":{"rendered":"\n<p>Riad &amp; Riad is thrilled to succeed in closing a settlement arrangement between one of the leading energy companies in the Middle East and a major state-owned Chinese EPC contractor.<\/p>\n\n\n\n<p>The parties had a Euro 40 million construction arbitration dispute under the rules of Dubai International Arbitration Center (DIAC). The dispute was relating to delay in implementing and commissioning of a 54 MW solar power plant, construction defects, completion of remedial works, penalties for breaches, performance and delay liquidated damages.<\/p>\n\n\n\n<p>The arbitration case raised interesting legal questions about the joinder of disputes arising under multiple contracts and consolidation of proceedings.<\/p>\n\n\n\n<p>Riad &amp; Riad team led by&nbsp;<a href=\"https:\/\/riad-riad.com\/attorney\/dr-fatma-sala\/\"><strong>Dr. Fatma Salah<\/strong><\/a>&nbsp;and&nbsp;<a href=\"https:\/\/riad-riad.com\/attorney\/mohamed-riad\/\"><strong>Mohamed Riad<\/strong><\/a>&nbsp;acted as the claimant\u2019s legal counsel in the arbitration case before DIAC and had played a pivotal role in the negotiation and drafting the settlement agreement and get case settled amicably.<\/p>\n\n\n\n<p>Riad &amp; Riad has a specialized&nbsp;<a href=\"https:\/\/riad-riad.com\/service\/arbitration\/\"><strong>Arbitration<\/strong>&nbsp;<\/a>team with extensive experience in handling high-value ad-hoc as well as institutional arbitrations according to the rules applicable at major arbitration institutes including ICC, ICSID, DIAC and CRCICA. For more information about our arbitration practice, click&nbsp;<a href=\"https:\/\/riad-riad.com\/service\/arbitration\/\"><strong>here<\/strong><\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Riad &amp; Riad is thrilled to succeed in closing a settlement arrangement between one of the leading energy companies in the Middle East and a major state-owned Chinese EPC contractor. The parties had a Euro 40 million construction arbitration dispute under the rules of Dubai International Arbitration Center (DIAC). The dispute was relating to delay &#8230; <a title=\"Riad &amp; Riad Closes a Settlement of \u20ac 40 Million Construction DIAC Arbitration Case\" class=\"read-more\" href=\"https:\/\/riad-riad.com\/riad-riad-closes-a-settlement-of-e-40-million-construction-diac-arbitration-case\/\" aria-label=\"More on Riad &amp; Riad Closes a Settlement of \u20ac 40 Million Construction DIAC Arbitration Case\">Read more<\/a><\/p>\n","protected":false},"author":3,"featured_media":3483,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8,6],"tags":[41,176,128,74,166,172,162,75,170,175,174,35,165,177,168,62,80,173],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Riad &amp; Riad Closes a Settlement of \u20ac 40 Million Construction DIAC Arbitration Case - riad-riad.com<\/title>\n<meta name=\"description\" content=\"Riad &amp; Riad Closes a Settlement of \u20ac 40 Million Construction DIAC Arbitration Case News\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/riad-riad.com\/riad-riad-closes-a-settlement-of-e-40-million-construction-diac-arbitration-case\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Riad &amp; Riad Closes a Settlement of \u20ac 40 Million Construction DIAC Arbitration Case - riad-riad.com\" \/>\n<meta property=\"og:description\" content=\"Riad &amp; Riad Closes a Settlement of \u20ac 40 Million Construction DIAC Arbitration Case News\" \/>\n<meta property=\"og:url\" content=\"https:\/\/riad-riad.com\/riad-riad-closes-a-settlement-of-e-40-million-construction-diac-arbitration-case\/\" \/>\n<meta property=\"og:site_name\" content=\"riad-riad.com\" \/>\n<meta property=\"article:published_time\" content=\"2022-12-12T15:12:40+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-12T15:14:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/riad-riad.com\/wp-content\/uploads\/2022\/12\/Project-16-6.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1080\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Fatma Salah\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Fatma Salah\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/riad-riad.com\/riad-riad-closes-a-settlement-of-e-40-million-construction-diac-arbitration-case\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/riad-riad.com\/riad-riad-closes-a-settlement-of-e-40-million-construction-diac-arbitration-case\/\"},\"author\":{\"name\":\"Fatma Salah\",\"@id\":\"https:\/\/riad-riad.com\/#\/schema\/person\/f98a705747188360783a8f6445a39047\"},\"headline\":\"Riad &amp; 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