POST Online Media Lite Edition



 

Qatar Airways launches multibillion dollar arbitrations against UAE, Bahrain, Saudi Arabia and Egypt

Christian Fernsby |
Qatar Airways Group Q.C.S.C., owner and operator of Qatar Airways, has launched four international investment arbitrations against the United Arab Emirates, the Kingdom of Bahrain, the Kingdom of Saudi Arabia, and the Arab Republic of Egypt.

Article continues below



Topics: QATAR AIRWAYS    UAE    BAHRAIN    SAUDI ARABIA    EGYPT   

Since 2017, the four aforementioned states have imposed an illegal air, sea and land blockade against Qatar. The arbitrations seek redress for the blockading states’ actions to remove Qatar Airways from their markets and to forbid the airline from flying over their airspace.

Qatar Airways is seeking a total of at least US$5 billion from the blockading states as compensation for their unlawful actions.

For three decades, Qatar Airways made substantial investments in the four blockading countries in order to serve hundreds of thousands of passengers and to transport tens of thousands of tons of cargo to and from each of these countries annually.

Starting on 5 June 2017, without prior warning, the UAE, Bahrain, Saudi Arabia and Egypt took collective measures targeting Qatar Airways and its operations.

These measures specifically targeted Qatar Airways, with the objective of shuttering Qatar Airways’ local operations, destroying the value of the airline’s investments and causing widespread damage to Qatar Airways’ global network of operations.

In particular, these measures included, but were not limited to, closing their airspace and airports to Qatar Airways’ aircraft and revoking Qatar Airways’ licenses and permits to operate in the blockading states.

These measures persist to date and continue to disrupt Qatar Airways’ global operations.

Qatar Airways is seeking full compensation for these damages in four investment arbitrations, brought under three separate treaties, namely: the OIC Investment Agreement; the Arab Investment Agreement; and the bilateral investment treaty between the State of Qatar and Egypt.

The Notices of Arbitration make clear that by imposing the measures against Qatar Airways, the blockading states have violated their obligations under the agreements, including by expropriating and failing to adequately protect and secure Qatar Airways’ investments, discriminating against Qatar Airways, and failing to provide fair and equitable treatment to the airline and its investments.


What to read next

Qatar Airways launches new pharma flights from Basel and Brussels
Dollar General: Howard Levine wants to be CEO
Qatar Airways announced world's longest flight from Doha to Auckland