Libya fails in corruption challenge to treaty award
Camp of the Rebels of the anti-Gaddafi coalition. Ajdabiya, Libya, April 7, 2011 (Credit: Rosen Ivanov Iliev)
The Paris Court of Appeal has upheld a US$51 million investment treaty award against Libya, rejecting the state’s allegations of corruption and ruling that the legality of the claimants’ investment was a matter for the arbitrators.
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