On 17 November 2021, the Egyptian Court of Cassation (Court of Cassation) issued its judgment in Case No. 10305/83, in which it confirmed that disputes arising out of technology.
Egyptian Court of Cassation issued judgment in Case No. 10305/83, confirming that disputes arising out of technology transfer agreements cannot be resolved in foreign-seated arbitration proceedings. Any clause referring such disputes to foreign arbitration is null and void.
a particular risk that an arbitral award rendered pursuant to an arbitration agreement that is not compliant with Article 87 may not be enforced in a foreign jurisdiction if the parties have agreed on Egyptian law as the substantive governing law of the contract.
The scope of New York Convention in terms of the awards falling within its ambit has been a conversational topic and has been widely discussed in the international arbitral community.