Any information about the Wena Case? (Wena Hotels v. Egypt) Why was he granted jurisdiction when he's Egyptian

Answer 1

From American Society of International Law:

"The Tribunal accepted Wena's interpretation of Article 8(1) of the United Kingdom-Egypt Agreement for the Promotion and Protection of Investments ("IPPA"), holding that the latter's purpose was to "expand jurisdiction" in cases where a company incorporated in the host state was controlled by nationals of the non-host state. This was contrary to Egypt's interpretation that the provision excludes jurisdiction in cases where a company is majority-owned by shareholders that have the nationality of the state with which the company has a dispute. The Tribunal noted that this provision, as well as Article 25(2)(b) of the ICSID Convention, accounted for the "rather common situation" in which a host government requires from foreign investors to channel their investments through a locally incorporated entity."

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