By JIGGSLAW. Iranian businesswoman, Shahpari Azzamy Zanganeh, received a 30 million euro award in an arbitration proceeding initiated before an ICC arbitral tribunal against Talgo and Siemens. It is one of the two arbitrations against a group of Spanish construction firms who were members of the AVE high-speed train to La Meca construction consortium.
Iranian Shahpari Azzamy Zanganeh, owner of the Saudi consulting firm Epic Arabia Project Development, won one of the arbitrations filed against a consortium of Spanish companies involved in the AVE high-speed train to La Meca rail project. An ICC arbitral tribunal decided that Talgo and Siemens must pay Azzamy Zanganeh’s total demand of 30 million euros.
Zanganeh is seeking 42 million euros plus interest, for work award intermediary services with Riad provided by Talgo and Siemens as well as Copasa, Imathia, and Consultrans under a 2011 agreement and has reached transactional agreements with the last three companies during the arbitration proceedings.
A Cuatrecasas team headed by Alfonso Iglesia and Lucía Montes has represented Epic Arabia.
The other arbitration initiated by Azzamy.
In addition to another one filed at the ICC, this claim is against Cobra (ACS), Inabensa (Abengoa), Indra, and OHL, all of which are members of the consortium in charge of the AVE high-speed train to La Meca work. State entities Adif, Ineco, and Renfe, which are also part of the consortium, have been left out by Azzamy because it has not used their services. The arbitration is still ongoing.
Due to Epic Consulting’s involvement in a mediatic case between King Juan Carlos and Corinna Larsen, who cited Azzamy as the commissionist, the companies sued would have stopped paying Epic Consulting.