SODIC: Solidere’s Arbitration Case ‘Invalid’

Six of October Development & Investment (SODIC) – (OCDI.CA) ha ssaid it was notified yesterday of an arbitration lawsuit filed on September 16th by Solidere Egypt, a wholly-owned subsidiary of Lebanon’s Solidere International, with claims of paying EGP 237.5 million plus interest and expenses.

SODIC added that such an arbitration lawsuit is invalid, since it was filed after SODIC had filed an earlier arbitration lawsuit in the same dispute.