The Scandinavian Management Company A/S (Hereinafter “ Scandinavian”) and the Egyptian Hotels Company (Hereinafter “ EHC”), entered into a contract for the management and the operation of the Shepheard Hotel (Hereinafter “ the Contract”) on September 8, 1986 (Hereinafter “the Contract”) whereby Scandinavian was entrusted with the management of the Shepheard Hotel in Cairo, owned by EHC.