Arbitrage-Swicorp Vs Sahraoui

Kammoun & Kallel advised PETROSER (Algerian Oil & Gas company) and Sahraoui Family/Group as co-counsel with Sherman & Sterling LLP Paris in connection with an ICC arbitration.

The Firm assisted PETROSER and Sahraoui Family/Group during the arbitration proceedings as well as the negotiation and drafting of the Amicable Settlement Agreement entered with Swicorp.

The Firm paid particular attention during the negotiation and drafting of the Amicable Settlement Agreement to the restriction on the foreign capital exit process and control exchange issue raised by Algerian law in respect of transfer of shares by foreign entities and capital repatriation.