On 30 October 2008, the International Centre for the Settlement of Investment Disputes (‘ICSID’ or ‘the Centre’) received from Helnan International Hotels A/S (formerly Scandinavian Management Co. A/S) (‘Helnan’ or ‘the Applicant‘)’, an Application for Annulment of the Award rendered on 3 July 2008 in the arbitration proceeding between Helnan and the Arab Republic of Egypt (‘Egypt’ or ‘the Respondent’), by the Arbitral Tribunal comprised of Mr. Yves Derains (Chairman), Professor Rudolf Dolzer and Mr. Michael Lee (‘the Tribunal’), in a dispute arising under the Bilateral Investment Treaty dated 24 June 1999 between the Arab Republic of Egypt and the Kingdom of Denmark (‘the BIT’).