Region: Libya

Indian investor’s covid plea can’t save claim against Libya

An UNCITRAL tribunal has terminated an Indian construction company’s US$110 million treaty claim against Libya for a failure to pay required advances, despite a plea from the investor that coronavirus conditions in its home country warranted granting an extension.

02 August 2021

Kuwaiti investor revives billion dollar award against Libya

A Kuwaiti construction company has persuaded Egypt’s Court of Cassation to reinstate a controversial US$1 billion award against Libya relating to a tourism resort that was never built.

29 June 2021

UK Supreme Court clarifies rules of service on foreign states

The UK Supreme Court has held that enforcement proceedings against foreign states must be served via diplomatic channels, overturning a ruling that said civil unrest and political instability in Libya meant formal service could be dispensed with.

28 June 2021

Libya fails in corruption challenge to treaty award

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.

26 May 2021

French court says PCA lacked power to intervene in OIC case

The Paris Court of Appeal has ruled that the Permanent Court of Arbitration had no authority to assist in the appointment of a tribunal to hear a US$525 million claim against Libya after the Organization of Islamic Cooperation refused to appoint an arbitrator on the state’s behalf.

26 March 2021

Cypriot investor seeks to enforce against Libya

A Cypriot company is seeking to enforce a €20 million investment treaty award against Libya arising from the expropriation of a dairy and juice factory.

10 March 2021

French court revives Libyan civil war claims

A French court has upheld an ICC tribunal’s decision to award US$116 million to a Libyan state entity while ruling it should have agreed to hear a UAE oil company’s claims over the unauthorised use of Libya’s biggest refinery during the country’s 2011 revolution.

03 March 2021

Turkish investor withdraws claim against Libya

UPDATED. A Turkish national has withdrawn his US$69 million ICC claim against Libya over his investments in construction projects disrupted by the country’s civil war.

11 January 2021

Libya overturns treaty award in Paris

The Paris Court of Appeal has set aside a French construction company’s €452 million ICC award against Libya after finding it was based on a fraudulent settlement agreement.

18 November 2020

Libya challenges treaty award in US court

Libya has asked a US court to vacate an investment treaty award that requires it to pay more than €83 million to an Austrian investor in six construction projects that were disrupted by the country’s 2011 revolution.

16 September 2020

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