Qatar Airways submitted requests for international arbitration in investment disputes to obtain compensation in the billions of dollars from the UAE, Bahrain, Saudi Arabia and Egypt.
According to Reuters, Qatar Airways is seeking compensation totaling at least five billion dollars from the blockading countries for the unlawful acts committed against them.
The arbitration requests aim to compensate Qatar Airways for the blockading countries stopping the tanker operations in their markets and preventing them from flying in their airspace.
The blockade countries mentioned on June 5, 2017, without prior notice, took joint measures with the intention of intentionally damaging Qatar Airways and its operations. >
As these measures continue to this day, the effects of this blockade continue to undermine the global operations of the national carrier of the State of Qatar.
Qatar Airways seeks to obtain full compensation for these damages through requests for international arbitration in investment disputes that were submitted under three separate treaties, namely: the investment agreement Affiliated to the Organization of Islamic Cooperation, the Arab Investment Agreement, and the bilateral investment treaty between Qatar and Egypt.
The arbitration request notices clarify that, through the actions taken by the blockading countries against Qatar Airways, they violated obligations related to their role in the aforementioned agreements, including the confiscation of airlines ’investments. Qatar Airways has not adequately protected these investments.
(Amazon fun of knowledge)
