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Updated: October 13, 2026
On the part of the Egyptian Government and the four Commissioners it was contended that the Mixed Tribunals had no competency to try the case; that the attacking parties had no right of action; that the Egyptian Government had, in applying, done all that the law of liquidation required; and that the act of sovereignty was complete as soon as the Caisse, which was the legal representative of the bondholding interest, had pronounced its decision.