Al Habtoor Group said Wednesday it had filed a dispute notice against Lebanon, claiming the country's breaches of its bilateral investment treaty with the United Arab Emirates amount to approximately $1 billion involving luxury hotels branded under Hilton Hotels & Resorts and other ventures.
Emirati conglomerate Al Habtoor Group served a notice of an Investment Treaty Dispute against the Lebanese Republic in connection with Lebanon’s alleged breaches of the Bilateral Investment Treaty between the United Arab Emirates and Lebanon.