Saudi Arabia: Soroof International

In late December, Al-Khobar-based Soroof International said it would file a complaint in the Saudi criminal court against Electricité de France International (EDF) for remedies against the offences and harms caused to Soroof and its owner, Prince Bandar Bin Abdullah Bin Mohammed Bin Saud Al-Kabir. Soroof has already started arbitration against EDF at the International Chamber of Commerce (ICC). The ICC case relates to what Soroof says is the “faulty execution” by EDF of the shareholders agreement signed by Soroof and the French company for the creation of a joint venture in the kingdom. EDF and Soroof established a joint venture, EDF Saudi Arabia, in March 2011.