On 1 June 2009, in Siag v.Arab Republic of Egypt, ICSID Case No. ARB/05/15, the International Centre for Settlement of Investment Disputes (ICSID), an organisation of the World Bank specialising in disputes between foreign investors and governments, awarded the claimants almost US $75 million, plus interest and expenses, totalling approximately $133 million. In the proceedings, the ICSID tribunal determined that Egypt had violated an investment treaty between Italy and Egypt that protected investments by Italians in Egypt, when the Egyptian government expropriated from the claimants a 161-acre resort property on the Gulf of Aqaba. In enforcement proceedings before the US District Court for the Southern District of New York, the court issued an order to enter judgment in the amount of the award adopting the procedure set out in Article 54 of the New York Civil Practice Law Rules, to effectuate entry of a judgment of an ICSID award (see Siag v. Arab Republic of Egypt, (S.D.N.Y. June 19, 2009)). The award is the largest ever granted to individual claimants by the ICSID.