Al Jazeera seeking $150m in damages from Egypt

: Tuesday, April 29 - 2014 @ 10:03

Al Jazeera has asked Egypt to pay a $150m compensation for what the Pan-Arab satellite network said was damage to its business inflicted by Cairo’s military rulers, Reuters has reported. A lawyer acting for the Qatar-based channel said Egypt had waged a “sustained campaign” against the broadcaster and its journalists since the army toppled president Mohamed Mursi in July last year. Cairo, he said, had six months to settle the claim, filed in the context of a bilateral investment treaty, or face a tribunal. “Al Jazeera invested substantial sums in Egypt,” said Cameron Doley, a lawyer at Carter-Ruck, a London law firm. “The effect of this recent campaign by the military government is that this investment has been expropriated. Egypt is bound by international law to pay Al Jazeera just and effective compensation.”

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Tuesday, April 29- 2014 @ 10:03 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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