An egyptian jewish man whose family fled Egypt in 1962 to Canada after the egyptian government confiscated their property is suing Coca Cola for buying said property now, and the courts just gave him the green light to do so!
Bigio, a 63-year-old grandfather, said his family's land and
factories were confiscated by the Egyptian government in 1962 and the
lawsuit, one of the first of its kind, could set a precedent, leading
to other court battles brought by Jews seeking to recover assets seized
in the Arab world.
The Socialist revolutionary government of Egypt in the 60's has confiscated many properties of both egyptians and foreigners, especially the jews who ended up getting kicked out or fleeing Egypt thanks to the policies of the egyptian government. A lot of the property confisctaed from Egyptians was given back thanks to policy change sin the days of Sadat and Mubarak, but the same can not be said of the property seized from foreigners and given to army officers and their croneys. One wonders if Bigio wins this lawsuit if it will open the door to more lawsuits by ex-members of the egyptian expat communty who got their money and property stolen back in the day. Should be interesting either way!