7 August 2016
By two decisions dated 27 May and 26 July 2016, the Arbitral Tribunal constituted in the ICC arbitration opposing Messrs. Ayoub Farid Michel Saab and Fadi Saab, the owners of FBME, to the Republic of Cyprus, decided that the Claimants shall be granted access to the premises of the Branch during regular business hours. Various public statements have recently been issued by the Cypriot authorities in relation to these decisions. These statements can only be characterised as misleading.
