Region: Libya

Libyan authority shakes off French attachments

A French court has lifted attachments on assets of the Libyan Investment Authority worth several hundred million euros – following a European Court of Justice ruling that practitioners say is also likely to complicate enforcement against Russian assets.

20 April 2022

Dairy investor enforces award against Libya

A US court has enforced a €19 million treaty award against Libya over an expropriated dairy and juice factory, rejecting arguments that an ICC panel’s findings were “irrational and absurd” or that the Libyan or French courts were more suitable venues for enforcement.

30 March 2022

UK court upholds enforcement against Libya

The Commercial Court in London has upheld an order enforcing a £16 million ICC award against Libya while ruling a US-owned defence contractor should be deprived of court costs for failing to raise sovereign immunity issues.

14 March 2022

First GAR Connect Mediterranean has broad geographical reach

The first GAR Connect Eastern Mediterranean saw speakers discuss dispute-related trends arising from offshore natural gas fields in the Mediterranean itself, in countries bordering the sea like Cyprus, Israel, Egypt, Libya and Turkey, and as far East as the Gulf and Russia.

10 March 2022

Split ICC panel sides with Libyan state entity

A divided ICC tribunal has ruled that Libya’s national oil company can buy out its Emirati partner in a refinery venture – as a dissenting arbitrator complains of due process violations and says the award “deprives a bona fide investor of its investment”.

08 March 2022

Libya declares win against Turkish investor

Libya has defeated a Turkish investor’s claim for US$190 million in compensation for construction projects that were left incomplete because of the 2011 revolution.

13 December 2021

PCA hears claims against India and Libya

A Korean state-owned power company’s treaty claim against India and an Emirati oil investor’s case against Libya are underway at the Permanent Court of Arbitration in The Hague.

09 December 2021

ECJ bars attachment of sanctioned assets

A Kuwaiti company’s efforts to collect on a billion-dollar award against Libya may have been dealt a blow after the European Court of Justice ruled that EU law precludes the attachment of assets that have been frozen as a result of international sanctions.

11 November 2021

Libya fails to overturn Austrian investor’s award

UPDATED: A US court has confirmed an investment treaty award requiring Libya to pay €84 million to an Austrian engineering company for construction contracts that were disrupted by the country’s 2011 revolution, as details of a separate award against the state worth €280 million emerge.

01 October 2021

French court rejects Libya’s corruption challenge

The Paris Court of Appeal has upheld a jurisdictional award in a treaty case against Libya, siding with an ICC tribunal that the state’s corruption allegations were a matter for the merits.

29 September 2021

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