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 A Turkish national has withdrawn his US$69 million ICC claim against Libya over his investments in construction projects disrupted by the country’s civil war.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